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News Highlights: Top Financial Services News of the Day

06/23/2021 | 12:16am EDT
Fed Officials Stress Bond Buying Isn't Aimed at Boosting Housing Market 

The New York and San Francisco Fed chiefs say the central bank's monetary accommodation is intended to support overall financial conditions.

South Korea's Answer to Robinhood and Venmo Lands $7 Billion Valuation 

A South Korean company whose app lets users transfer money, take out loans, trade stocks and check their credit scores has raised funds at a valuation of more than $7 billion.

Nonbank Lenders Are Dominating the Mortgage Market 

The lenders, which don't take deposits or offer other banking services, issued more than two-thirds of all mortgages originated in 2020, their highest market share on record.

Zohar Funds Seek Answers on Defunct Company's $16 Million Cash Pile 

The bankrupt Zohar investment funds are again at odds with their creator, Lynn Tilton, over another of the companies to which they lent money, this time clashing over the proceeds of the 2016 wind-down of former textile manufacturer Galey & Lord.

Blackstone Bets $6 Billion on Buying and Renting Homes 

The investment firm's deal for a company that buys and rents single-family homes is the latest sign Wall Street believes the U.S. housing market is going to stay hot.

JPMorgan Invests in Mortgage Clearinghouse 

JPMorgan has contributed additional venture capital funding to Maxex, a growing digital exchange for residential mortgages.

Brazil's Petrobras Pension Fund Sheds Some Private-Equity Stakes 

The Petros pension fund for workers at state-owned oil giant Petrobras sold stakes in seven funds to Spectra Investments.

Whatever Their CEOs Say, Banks Are Wary About the Office 

Some bank chiefs like, JPMorgan's Jamie Dimon, talk as if the office will soon look more or less as it did before. Their real estate lending teams seem less sure.

ABN Amro Sets Up $506 Million Impact Investment Fund 

The ABN Amro Sustainable Impact Fund will invest in early- and growth-stage businesses focused on energy transition, social impact and renewables.

Washington H. Soul Pattinson, Milton Agree to $8.14 Billion Merger 

Investment companies Washington H. Soul Pattinson Ltd. and Milton Corporation Ltd. have agreed to a merger that will create a top 50 ASX-listed firm with a market capitalization of $8.14 billion.

(END) Dow Jones Newswires

06-23-21 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
ASX LIMITED -0.71% 76.89 End-of-day quote.6.79%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.04% 0.734 Delayed Quote.-3.87%
BRITISH POUND / US DOLLAR (GBP/USD) 0.06% 1.3906 Delayed Quote.2.12%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.05% 0.8017 Delayed Quote.2.23%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
EURO / US DOLLAR (EUR/USD) -0.01% 1.1867 Delayed Quote.-2.65%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.00% 0.013452 Delayed Quote.-1.63%
JPMORGAN CHASE & CO. -0.80% 151.78 Delayed Quote.19.45%
LONDON BRENT OIL -0.82% 75.16 Delayed Quote.46.69%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.49% 0.6974 Delayed Quote.-2.36%
PETRÓLEO BRASILEIRO S.A. - PETROBRAS -3.24% 26.91 End-of-day quote.-5.05%
ROBINHOOD MARKETS, INC. 0.95% 35.15 Delayed Quote.0.00%
S&P 500 -0.54% 4395.26 Delayed Quote.17.65%
S&P/ASX 200 -0.33% 7392.6 Real-time Quote.12.23%
THE BLACKSTONE GROUP INC. -0.63% 115.27 Delayed Quote.77.86%
WTI 0.53% 73.659 Delayed Quote.52.09%
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