Federal Agencies Crafting Rules Around Banks and Cryptocurrencies
The group plans next year to begin delineating how banks can legally get involved in the growing field.
RBNZ Raises Rate, Forecasts More Monetary Tightening
New Zealand's central bank raised its policy interest rate for the second time in two months as it withdraws pandemic stimulus that has driven consumer price inflation to its highest point since 2010.
JPMorgan, Goldman Sachs Assigned Higher Capital Buffers
Global financial regulators boosted capital requirements for JPMorgan, Goldman Sachs and BNP Paribas under rules intended to help avoid a repeat of the 2008 global financial crisis.
Fed Nominations Leave Questions Over Regulation
President Biden's decision to reappoint Jerome Powell and elevate governor Lael Brainard signals continuity on monetary policy but leaves open questions on the direction the central bank will take in regulating Wall Street.
Mexico's Former Finance Minister Arturo Herrera No Longer to Head Central Bank
Mexican President Andrés Manuel López Obrador has decided to withdraw the nomination of former finance minister Arturo Herrera to take over the helm at the Bank of Mexico on Jan. 1, Mr. Herrera said Tuesday.
Bain Targets $1.5 Billion for Second Tech Opportunities Fund
Bain Capital is pitching investors on its second technology-focused fund with a goal of raising $1.5 billion barely a year after wrapping up the strategy's debut fund.
Turkish Lira Tumbles After Erdogan Defends Rate Cuts
Turkey's economic crisis entered a tumultuous new phase, with its currency plunging to a record low and President Recep Tayyip Erdogan preparing to meet the leader of a regional rival in search of foreign investment.
Insurers Use Riskier Assets to Back Consumers' Policies
Life insurers have benefited from increased holdings of real estate, below-investment-grade bonds, mortgage loans, private equity, hedge funds, limited partnerships and privately placed debt.
Lime Rock Closes $203 Million Continuation Fund Supported by Goldman
The new fund will extend the longevity of an investment in CrownRock Minerals. With oil and gas prices up this year, backers say fields underneath the holdings need more time to be developed.
Providence Equity Partners Seeks $6 Billion for Newest Fund
The firm expects to hold an initial closing for the fund in the spring of 2022, sources say.
(END) Dow Jones Newswires
11-24-21 0015ET