Fund Manager Bill Hwang's Archegos Was a 'House of Cards,' Prosecutor Tells Jury
Hwang, on trial for fraud and racketeering related to his firm's meltdown, maintains his trading practices were lawful.
Fed's Jefferson says slowing progress on inflation is 'a source of concern'
The slowing progress on inflation in the first quarter is disappointing, but the healthy labor market allows the Federal Reserve to maintain downward pressure on demand until price pressures cool, Federal Reserve Vice Chairman Philip Jefferson said on Monday.
Investment Advisers Face Customer Vetting Requirements in Anti-Money-Laundering Push
U.S. regulators took another step on Monday toward bolstering anti-money-laundering safeguards with a proposal to require that certain investment advisers verify identities of their customers.
Credit Assets Outperform for Large PE Firms
Firms including Blackstone, KKR and Apollo continue to build out their private-credit operations.
PCAOB Adopts Tighter Rules on Auditors' Quality Controls
The Public Company Accounting Oversight Board is requiring audit firms to do more to ensure the quality of their work, a move aimed at improving the effectiveness of audits while updating decades-old rules.
Future Problems for Private Lending Will Start Today
Lenders are stepping back into the market for risky loans, even as borrower demand has been tepid, threatening to throw the market out of balance.
RBC Reorganizes Investment Banking in a Play for More Deals
The bank is naming Matthew Stopnik global investment banking head, based in New York.
Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data
Stocks and bonds have rallied ahead of Wednesday's consumer-price index report.
China to Start Sale of Ultralong Bond to Support Economy
China will start selling the first batch of a planned $138.37 billion ultralong bond issuance this week, as Beijing looks to provide more support to the economy.
SoftBank Commits $5 Billion to AI After Three Years of Losses
The Japanese investment company said its net asset value nearly doubled thanks to the rising share price of its U.K. chip-design unit, Arm.
(END) Dow Jones Newswires
05-13-24 1615ET
