Bain Capital Raises $800 Million for Second Impact Investing Fund
Bain Capital has raised $800 million in fresh capital to back businesses that the firm bets will benefit not only fund investors but also society at large.
Banks Give Black-Owned Businesses Advantage on Supply-Chain Finance Terms
Citigroup, JPMorgan Chase and Bank of America are offering preferred terms to Black-owned firms in supply-chain finance programs, after decades in which U.S. banks charged Black borrowers higher rates or denied them service.
Singapore Central Bank Launches CNY Funding Initiative for Banks
Singapore's central bank has launched a new initiative to offer $3.81 billion worth of funding in Chinese yuan to banks in Singapore.
Zurich Insurance in Talks to Acquire MetLife's Car, Home Insurance Unit
Zurich's announcement confirms part of a report by Reuters that the Swiss company is in advanced talks to acquire MetLife's car and home insurance unit for close to $4 billion, citing people familiar with the matter.
Banks Can't Deny Services to Entire Industries Under OCC Proposal
Proposal follows complaints that the oil-and-gas industry was unfairly denied financing by large lenders.
Fannie, Freddie Overseer Aims to End U.S. Control Before Trump Leaves
The federal regulator is pushing to speed up the mortgage giants' exit from 12 years of government control but has yet to reach an agreement with Treasury Secretary Steven Mnuchin, according to people familiar with the matter.
Think Tank Urges Financial Sector Action on Cyber Threats
Despite decades of heavy investment in cybersecurity, the global financial system remains vulnerable to cyberattack because banks and regulators fail to coordinate their activities, a report from a leading think tank said Wednesday.
Biden Team Faults Mnuchin for Letting Fed Aid Programs Lapse
The president-elect's transition team sharply criticized Treasury Secretary Steven Mnuchin's decision to allow funding for several emergency Federal Reserve lending programs to expire, escalating a political fight.
Swiss Re Confident on Prospects
Swiss Re said it was optimistic on its outlook, with positive momentum in the reinsurer's underlying earnings power and declining Covid-19 exposures going forward.
Sage Drops After Results, Margins a Concern
Sage shares fell sharply after the accountancy-software firm reported lower annual organic operating profit and margins as part of its full-year results.
(END) Dow Jones Newswires