Evergrande to Raise $1.5 Billion by Selling Bank Stake to State-Owned Firm
China Evergrande plans to raise about $1.5 billion by selling a minority stake in a Chinese bank to a state-owned enterprise, an indication that authorities in the country are moving to contain the fallout from its financial difficulties.
Citadel Securities Faces New Pressure Over GameStop Frenzy
Billionaire Ken Griffin's electronic trading firm is under fire again over its role in the January trading frenzy in shares of GameStop after new information surfaced in a lawsuit.
Bank Mergers on Track to Hit Highest Level Since the Financial Crisis
Deals totaling more than $54 billion have been announced this year, up from about $17 billion at this time last year.
SEC Taps Dan Berkovitz to Serve as General Counsel
A former aide to Chairman Gary Gensler, Berkovitz recently announced his departure from the Commodity Futures Trading Commission, where he has served as a commissioner since 2018.
Ladder Capital and Other Nonbank Lenders See Booming Business
After looking vulnerable at the start of the pandemic, the industry is on track to have one of its biggest years ever for loan volume.
TPG Consortium Makes $1 Billion Offer for Australia's Smartgroup
Smartgroup Corp. has granted four-week exclusive due diligence to a consortium including TPG Capital following a proposal valuing the Australian salary-packaging firm at about $1.0 billion.
Fidelity to Offer Fractional Stock Trading for Advisors
The move could have a major impact on investing as Fidelity custodies assets on behalf of thousands of independent advisory firms.
Morgan Stanley's Top Female Executive in Asia to Retire
Wei Sun Christianson, who has worked at the Wall Street bank for nearly two decades, is stepping down as China CEO and Asia-Pacific co-CEO.
Cybersecurity Insurer Coalition Gets New Funding at $3.5 Billion Valuation
Cybersecurity and insurance provider Coalition Inc. has received a $205 million investment at a valuation of more than $3.5 billion, and plans to use the infusion to grow faster and expand into new insurance lines, among other initiatives, it said Tuesday.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
(END) Dow Jones Newswires
09-29-21 0015ET