China Cuts Benchmark Rate by Less Than Expected
China's benchmark lending rate was lowered by a smaller-than-expected margin after the central bank cut its key policy rates last week to offer more support for the slowing economy.
Banks Don't Love Rich Mortgage Borrowers as Much as They Used To
Affluent home buyers are no longer getting special treatment and preferential rates, and it is the Federal Reserve's fault.
Wall Street All-Stars Including Weinstein, Ackman Bid for Hedge Fund
Drama-plagued Sculptor Capital already agreed to a sale to Rithm Capital.
IAG Annual Profit More Than Doubles, Raises Dividend
Insurance Australia Group raised its dividend after its annual net profit more than doubled, with its gross written premium exceeding guidance.
As Rates Rise, Japan Is Wary About Silicon Valley Bank Sequel
Unrealized losses on bonds could hit regional Japanese banks, though they are less worried about depositor flight.
Schulman Having Bumpy Landing After Taking PayPal to New Heights
With the company's market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.
Investors Fear a Financial Contagion in China
Troubles at a big trust company are making investors worry about fallout from the country's slumping property sector.
Capital One confirms roughly $900 million sale of office loans as property sector wobbles
Capital One confirms another big sale of its office loans as fallout in the sector intensifies in the face of higher interest rates and tumbling property values.
ESG Investors Have Ethical Motives. They Also Expect to Outperform the Market.
Those with sizable stakes in ESG investments aren't in it just to feel good about themselves, a study finds.
Private Equity Firms Return-Tentatively-to Debt-Fueled Payouts
Mired in a slump, some private-fund managers tap costly borrowing to pay themselves dividends.
(END) Dow Jones Newswires
08-21-23 0015ET
