U.S. Banking Regulators Seek Comment on Third-Party Relationships Guidance

The interagency guidance on third-party relationships proposed by three banking regulators highlights the risks financial institutions face as banks increasingly rely on outside vendors and financial-technology companies for products and services, industry observers said. 


 
BOJ to Offer Banks Zero-Rate Loans to Tackle Climate Change

The Bank of Japan said climate change needs to be addressed because of its significant economic and financial impact and will provide zero-rate loans to commercial banks to help companies finance projects to mitigate climate change. 


 
Consensus Builds That Some Private Student Loans Can Be Wiped Out in Bankruptcy

A decision by a New York appeals court Thursday is the third such ruling to open some private student debt to the bankruptcy discharge. 


 
Morgan Stanley Profit Rises Amid Wall Street Deal Boom

A boost in fees from deal making and advising wealthy clients helped the bank's second-quarter results. 


 
Hellman & Friedman Closes $24.4 Billion 10th Fund

Hellman & Friedman has amassed $24.4 billion for one of the largest private-equity funds ever, thanks partly to a hefty check from the firm itself. 


 
Robinhood, Others Upend Rules for Early IPO Trading

The traditional six-month lockup period is eased for insiders wanting to sell stock after a company goes public. 


 
Fed's Powell Concedes Anxiety About Inflation but Resists Policy Shift

Federal Reserve Chairman Jerome Powell said recent inflation was uncomfortably above the levels the central bank seeks, concluding two days of testimony in which he sounded somewhat less confident about the economic outlook-and the Fed's policy path-than earlier this year. 


 
Wall Street Opens Back Up to Oil and Gas-but Not for Drilling

Oil-and-gas companies are using cash from debt offerings to shore up balance sheets rather than to boost production. 


 
SEB Net Profit Beats Forecasts

SEB posted a better-than-expected second-quarter net profit of SEK6.57 billion, helped by lower loan losses and growth in investment banking. 


 
Avance Backs UniVista Insurance to Build Portfolio

Private-equity newcomer Avance Investment Management is backing Florida agency UniVista Insurance as the firm begins building a portfolio of businesses likely to benefit from the expanding U.S. Hispanic market.

(END) Dow Jones Newswires

07-16-21 0015ET