Carlyle Turns Profit as Investment Values Rise 15%

The private-equity firm reported a first-quarter profit of $869.3 million, as the value of its investments rose faster than the broader market. 


 
Biden Tax Plan Leans on Banks to Help Find Unreported Income

Part of President Biden's American Families Plan would depend on banks reporting annual account inflows and outflows to the Internal Revenue Service. 


 
New Zealand Scores Well on Anti-Money-Laundering, but Gaps Remain, Watchdog Says

The Financial Action Task Force said the country has set up some effective measures to combat money-laundering and terrorist financing. 


 
The Economy Isn't Too Hot for the Fed

Investors should take the Federal Reserve at its word that it will stand pat even as the economy is poised to vault past its pre-Covid-19 high. 


 
Energy-Focused Hedge Fund Luminus Liquidates Some Assets

The unwinding demonstrates the ongoing ripple effects caused by the Covid-19 crisis that struck the energy industry in early 2020. 


 
Ares Management's Assets Soar Past $200 Billion

Ares Management joined the $200 billion club after the strongest fundraising year in its history, led by the largest European direct-lending fund ever raised. 


 
Blackstone Leads $130 Million Investment in Vectra AI

The cybersecurity firm says its cloud-based technology helps organizations detect and counter online attacks as they are happening. 


 
DBS Group's Quarterly Profit Rises on Lower Provisioning

DBS Group Holdings Ltd.'s first-quarter net profit rose 63% on year as the bank set aside lower allowances for credit and other losses to counter risks from the Covid-19 pandemic. 


 
How Biden's Tax Plan Would Affect Investors

Wealthy Americans are asking the same question right now: how to prepare their portfolios for what could be the highest capital-gains tax rate in decades. Here are some answers. 


 
Justice Department's Foreign Bribery Chief Moves to Private Practice

The head of the Foreign Corrupt Practices Act Unit, Christopher Cestaro, will join law firm Wilmer Cutler Pickering Hale and Dorr.

(END) Dow Jones Newswires

04-30-21 0015ET