ECB Looks to Keep Rates Low for Longer
The European Central Bank signaled that it would keep supporting the eurozone economy as a surge in Covid-19 cases driven by the Delta variant weighs on the region's tourism industry.
Smaller but More Frequent Catastrophes Loom Over Insurance Sector
Climate change and urban sprawl are leading to more localized second-tier events like the floods that hit Germany this month, insurance executives say.
Blackstone Earnings Rise as Growth Strategy Boosts Portfolio
The private-equity firm posted second-quarter net income of $1.31 billion, or $1.82 a share. "The pivot into good neighborhoods has really paid off," Blackstone President Jonathan Gray said in an interview.
Kakao Bank Set to Raise $2.2 Billion in Listing
The digital bank affiliated with South Korea's internet group Kakao Corp. has finalized its initial public offering price at the top end of a marketed price range.
IAG Signals Fiscal-Year Net Loss
Insurance Australia Group Ltd. said it expects to report a loss in the 2021 fiscal year, compared with a net profit in the prior financial year.
Bitcoin Is Failing Its First Inflation Test as Selloff Deepens
The original cryptocurrency has lost about half of its value since mid-April.
Fed Ramps Up Debate Over Taper Timing, Pace
The deliberations are taking place amid a stronger U.S. economic recovery than Fed officials anticipated six months ago.
Blackstone-Backed Sema4 Takes SPAC Route to Nasdaq
The genetic-testing company has combined with a blank-check vehicle backed by Casdin Capital and Corvex Management and will begin trading Friday.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
JPMorgan Awards Jamie Dimon Surprise Retention Bonus
The board of the largest U.S. bank gave its chief executive new stock options as a retention bonus, signaling that it wants him to stay for several more years.
(END) Dow Jones Newswires