China PBOC Cuts Mortgage Rate Lower Limit for First-Home Buyers

China's central bank cut the lower limit on mortgage rates for first-home buyers, a move that could revive the property market and support the cooling economy. 


 
El Salvador's President Went All In on Bitcoin. Then It Tanked.

Bitcoin's losses stoke growing fears of a debt default under President Nayib Bukele. 


 
Stablecoin TerraUSD Continues Downward Spiral; Bitcoin Gains

The largest cryptocurrencies showed signs of recovery following a roughly weeklong selloff, while beleaguered stablecoin TerraUSD continued to tumble. 


 
Treasury Targets Russia as Part of Plan to Combat Illicit Finance

Continuing efforts to close regulatory loopholes related to shell companies and all-cash real-estate purchases are an important measure in combating corrupt Russian oligarchs, Treasury officials said. 


 
Head of Wells Fargo Advisors to Step Down

To oversee the business, the bank will turn to a relative newcomer to Wells Fargo: Sol Gindi, who joined the company in 2020. 


 
Bank of Japan Will Stick to Easy Monetary Policy, Gov. Kuroda Says

Bank of Japan Gov. Haruhiko Kuroda reiterated Friday that the central bank would stick to its monetary easing program as the nation's economy is still recovering from the impact of the pandemic. 


 
More Than $1 Trillion of Crypto Vanished in Just Six Months

Traders' flight from risky investments has halved the price of bitcoin and other cryptocurrencies. 


 
Investors Face a World Where Stocks No Longer Reign

The age-old mantra of "there is no alternative" to stocks gets a stiff test as market losses mount, inflation accelerates and interest rates rise. 


 
Derby's Take: Fed Governor Explains Why Volcker Strategy Isn't Needed Now

As aggressive as the path for U.S. monetary policy tightening appears right now, one Federal Reserve governor doesn't believe the central bank faces a world as ugly as when it last confronted inflation this high. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services


(END) Dow Jones Newswires

05-16-22 0015ET