Voyager Digital Is Cleared to Return $270 Million to Customers

Cryptocurrency brokerage firm Voyager Digital secured approval to return $270 million in customer cash, settling one of the larger issues it faced after filing for bankruptcy. 


 
KKR Teams Up With Loop Capital to Offer Equity Research

The private-equity firm aims to leverage the partnership to win more IPO underwriting deals. 


 
Bank of England Makes Biggest Rate Rise Since 1995

The Bank of England warned that the U.K. economy was poised to enter its longest recession since the financial crisis. The British economy is expected to contract for five consecutive quarters beginning in the fourth quarter of 2022, the bank said. 


 
Apollo's Losses Mount as Investment Red Ink Flows

Apollo Global Management reported its second-straight quarterly loss with a $2 billion deficit stemming largely from rising interest rates that drove down the value of assets held by the firm's retirement services operations. 


 
Fed's Mester backs higher interest rates until inflation begins to fade

The president of the Cleveland Federal Reserve said the central bank needs to keep raising interest rates until high U.S. inflation has begun to subside, joining a coterie of senior Fed officials who've backed more aggressive measures. 


 
Speculators Exit Agricultural Markets, Intensifying Crop Selloff

Prices for corn, soybeans and wheat have fallen to around where they were a year ago, which analysts say is too low. 


 
Apollo Sets Up New Strategies for Secondary Deals and Wealthy Investors

Apollo Global Management Inc. is expanding into the secondaries market with the help of the Abu Dhabi Investment Authority and embarking on a strategy to draw in high-net-worth individual investors, executives at the firm said. 


 
Muni Market Transaction Costs Remain High

Researchers find dealers mark up prices when customers are less likely notice. 


 
ING's Net Profit Fell, But Beat Market Views Significantly

ING Groep NV reported a decline in net profit for the second quarter, which still came in ahead of market views, but noted that total income increased on the back of higher interest income, a robust fee and commission income and strong trading results. 


 
Credit Agricole's Second-Quarter Results Beat Expectations

UPDATED: Credit Agricole SA said that profit and revenue beat expectations in the second quarter in its capital markets and investment banking business, despite macroeconomic uncertainties.


(END) Dow Jones Newswires

08-05-22 0645ET