Fed's Waller not pushing for any quick interest-rate hike
The U.S. central bank can proceed “carefully” with its interest-rate policy, Federal Reserve governor Christopher Waller said Tuesday.
U.K. Financial Regulator to Review Bank Treatment of Politically Exposed Persons
The review comes after a private bank’s decision to close the account of Brexit proponent Nigel Farage.
Wyoming Effort to Support Crypto-Focused Banks Set Back by Fed Concerns About Industry
The state’s new special-purpose depository institutions haven’t received Fed approval for master accounts at the central bank.
Apollo, KKR Could Join S&P 500 After Blackstone, Says Analyst
Wells Fargo analyst Finian O’Shea reaffirmed bullish views on KKR and Apollo Management stock, noting they could join the index.
SEC Fines Real Estate Private-Equity Firm Prime Group
Real-estate investment firm Prime Group Holdings will pay $20.5 million to settle allegations of inadequate disclosures around brokerage fees it charged investors, U.S. regulators said Tuesday.
Bank of Canada Expected to Keep Rates Unchanged on Weak GDP Data
Survey of economists indicate Canada’s central bank is done raising rates, and cuts could emerge in early 2024.
Student Loan Borrowers Face Repayment Soon. CFOs Are Watching to See if Spending Takes a Hit.
“Student loans will definitely be a change to the consumer,” said one finance chief.
Money-for-Nothing Lawsuits Against Private-Equity Founders Get Boost
Court cases allege firms used arcane tax deals to enrich executives at the expense of shareholders.
Utility Stocks Can't Compete in a World Awash With Yield
The utilities sector has slumped 12% in 2023 and is by far the worst-performing group in the S&P 500.
Yes, There Is a Bull Case for Investing in China
Contrarians might have passed over China because of the constant flow of bad news. But the point of being a contrarian is to venture to places that others shun.
(END) Dow Jones Newswires
09-06-23 0015ET
