Banks Strike Back Against Private Credit

Wall Street banks are gaining back ground against nonbank lenders. 


 
Bank of Thailand Stands Pat Despite Sluggish Economy

Thailand's central bank kept its policy rate unchanged despite a slow economic recovery and weak inflation. 


 
Why the March CPI Is Looming So Large for the Fed

Officials appeared willing to look past firm inflation readings earlier this year. 


 
Private-Equity Fundraising Shows Signs of Small Rebound in the First Quarter

Firms globally raised about $156 billion through the three months ended in March, slightly outpacing the past few years. 


 
NYCB Is Losing Staff to Rivals. Will Its Turnaround Suffer?

Two rivals of the embattled lender said they had hired away private-bank teams responsible for billions of dollars in deposits. 


 
IMF Warns of Cyber Risks to Financial Sector

A lack of data about cyberattacks hinders the study of potential systemic dangers, the International Monetary Fund says. 


 
PCAOB Proposes Turnover Metrics and Other New Disclosures for Audit Firms

Firms would have to report cybersecurity risk as well as data ranging from auditor retention to partner involvement and work experience under a pair of proposals. 


 
HSBC to Sell Argentina Business in Latest Market Exit

HSBC Holdings is selling its Argentina business for over half a billion dollars, the bank's latest exit from markets that are no longer core to its business strategy. 


 
Money-market fund assets rise to record, as 'investors love cash' even as stocks climb in 2024

Assets in money-market funds rose to a record $6.111 trillion last week, with investors sitting on massive amounts of cash on the sidelines of the U.S. stock market, according to BofA Global Research. 


 
LeapFrog Sees Impact Gains From Lower Clean-Energy Costs

Leaders of impact-focused LeapFrog Investments said the declining costs of clean-energy technologies make it easier to convince investors it can produce financial returns along with benefits to communities and the environment-despite a broad retreat from many fund strategies that also make such claims.


(END) Dow Jones Newswires

04-10-24 0715ET