Biden's Election Win Was a Big Bet for These Wall Street Executives
Joe Biden's backers in the financial industry are likely to seek influence in the administration but probably won't have the close access enjoyed by the coterie of financiers who had the ear of President Trump.
Popular Trading Platforms Have Technical Difficulties as Stocks Surge
Charles Schwab and TD Ameritrade were among companies saying customers experienced problems. Several platforms cited extreme trading volumes as investors rushed to buy and sell shares.
Bank of Japan to Introduce Special Deposit Facility to Support Regional Banks
The Bank of Japan said that it would introduce a new deposit facility to support regional banks, whose profits have been hurt by Japan's longtime low-interest-rate policy.
Fed's Mester: Rise of Fintech Will Need Significant Regulatory Response
The rise of new financial technologies will call for new approaches to regulation, Federal Reserve Bank of Cleveland President Loretta Mester said Monday.
Vaccine Jolts Markets in a Way Biden and Trump Couldn't
The U.S. presidential race mattered for investors but other things matter more, especially the Federal Reserve and the prospects of Covid-19 vaccine candidates.
Sumeru Equity Partners Raises $720 Million for Latest Technology Fund
The firm exceeded its $600 million target for Sumeru Equity Partners Fund III LP, which closed in late October.
TriMark Lenders Sue Competing Investors for Jumping Ahead
Lenders to TriMark USA sued a group of competing investors in the food-service supplier, saying the group put together a $427.5 million rescue financing package that unfairly vaulted those investors to the top position in the repayment line.
Calstrs CIO Looks to Pension's Past in the Search for Flexibility
At a recent pension board meeting, CIO Christopher Ailman urged Calstrs's board to consider enhancing its ability to make opportunistic investments, better enabling it to take advantage of investments that don't fit neatly into other asset categories.
Springboard Growth Looks to Bridge Funding Gap for Women-Led Companies
Springboard Growth is currently staffed entirely by women and backs businesses with at least one woman among their upper ranks with an equity stake in the business.
Societe Generale Announces Job Cuts
Societe Generale plans to cut around 640 positions in France, mainly in its securities services and other central functions such as risk, compliance and human resources.
(END) Dow Jones Newswires
11-10-20 0715ET
