Pension Funds Plunge Into Riskier Bets-Just as Markets Are Struggling

More public pension plans than ever are using leverage, investing borrowed money in an effort to earn higher returns and close big funding gaps. "They're treading on very risky footing." 


 
Central Banks Should Raise Rates Sharply or Risk High-Inflation Era, BIS Warns

The Bank for International Settlements cautions that the steps necessary to get inflation under control could raise global economic costs. 


 
Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds

A deluge of trades strained Robinhood Markets and the markets ecosystem surrounding it during the week in January 2021 when meme stocks exploded, according to a House panel. 


 
Citigroup Tried and Failed to Rally Banks to Pressure Gun Sellers

After the Parkland shooting in 2018, big banks didn't see eye-to-eye on gun policies. Little has changed since. 


 
Banks Face Risks From Geopolitics, Staff Turnover, OCC Says

The Office of the Comptroller of the Currency said geopolitical events, inflation and higher interest rates are posing headwinds for banks. 


 
Fed's Daly Is Prepared to Back Another 0.75 Percentage Point Rate Hike

Interest rates need to rise to levels slowing economic growth and combating inflation, San Francisco Fed President Mary Daly says. 


 
Celsius Network Taps More Advisers to Prepare for Potential Bankruptcy

The crypto lending platform has hired restructuring consultants from Alvarez & Marsal to advise on a possible bankruptcy filing as it contends with the recent collapse in digital currencies. 


 
Crypto Exchange FTX in Talks to Acquire BlockFi Stake

Sam Bankman-Fried's crypto exchange is in talks to acquire a stake in BlockFi, a crypto lender that FTX gave a $250 million credit line this week. 


 
Barclays Spends $2.8 Billion to Beef Up Mortgage Business

The U.K. bank went deeper into the competitive home loan market with a deal to buy specialist lender Kensington Mortgage from Blackstone and Sixth Street. 


 
Low Bitcoin Price Weighs on Crypto Mining Stocks

Worried about falling profits and high fixed costs, investors have been dumping publicly traded bitcoin miners like Riot Blockchain and TeraWulf amid the cryptocurrency selloff.


(END) Dow Jones Newswires

06-27-22 0015ET