Blackstone Earnings Tick Higher as Tech Lifts Portfolio
The firm posted slightly higher net earnings for the third quarter as its focus on tech-related investments helped its private-equity portfolio rise above broader markets.
Vista's Robert Smith Plays Down Co-Founder Brian Sheth's Potential Exit
Vista Equity Partners has reorganized in recent months to reduce its dependence on any one person or strategy, CEO Robert Smith has told investors.
Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions
The lender returned to a third-quarter profit, beating expectations, as it benefited from a strong performance in investment banking and a faster-than-anticipated recovery in its home market.
The Coronavirus Economy Is a Mixed Bag for Credit-Card Issuers
Consumers are spending money as if the coronavirus recession is over. But they are also paying down old debts and avoiding new ones in case the pandemic lasts a while.
London's Centuries-Old Insurance Market Investigates Its Slavery Role
Lloyd's of London has launched an internal investigation into its role in the trans-Atlantic slave trade in part to determine whether it is on the hook to pay reparations.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Visa's Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department
The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa's purchase of the fintech firm.
Equitable Reaches Deal With Venerable to Reinsure $12 Billion in Annuities
Equitable has entered an agreement with Venerable for the privately held company to reinsure 114,000 variable-annuity policies sold between 2006 and 2008.
RBA Board Member Says Central Bank Not Lacking in Firepower
The Reserve Bank of Australia has scope to ease monetary policy settings further if it wants, and any suggestion that its firepower has run out can be dismissed, Ian Harper, a member of the central bank's policy-setting board said.
Proposal Would Broaden Transactions Recorded Under Anti-Money-Laundering Rule
A proposed anti-money-laundering rule change would lower the threshold for when information on senders and receivers of international financial transfers is collected and passed along to other financial institution.
(END) Dow Jones Newswires