HSBC Restarts Plan to Cut 35,000 Jobs
The bank said in February that it would shed the jobs, but the plan was put on hold in March as staff scrambled to keep the company operational around the world during the worst of the coronavirus crisis.
Beware as Wall Street Goes Direct to Consumer
Companies are increasingly issuing stock directly into the market. Individual investors should be on guard.
Lawmakers to Press Powell on Additional Relief Measures
Federal Reserve Chairman Jerome Powell is likely to face more lawmakers' questions about how Congress should design future economic relief measures.
One Government Bond Market the Rally Didn't Reach
There are a number of good reasons to expect the Chinese government bond market to provide returns in the long term and diversification in the short term.
Insurers Hit Brakes on Investments Designed to Make Risky Loans Safe
Insurance companies helped fuel the boom in a corner of the debt market that sliced and diced risky corporate loans. Those bets are now starting to hurt, crimping a key source of financing for Wall Street's deal-making machine.
Goodhart Partners Raises Its Stake in Private-Equity Firm CapitalSpring
Nashville, Tenn.-based CapitalSpring is the second firm Goodhart has backed from its Volunteer Park Capital Fund SCSp, which is dedicated to acquiring minority interests in midmarket private-equity managers. The London-based asset management firm, which launched the Volunteer Park strategy last year, is seeking $200 million for the vehicle.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Morgan Stanley's Ex-Diversity Chief Sues Bank Over Alleged Racial Bias
Morgan Stanley's former head of diversity sued the bank, saying it hadn't done enough to promote people of color and that it fired her in December. The Wall Street firm rejected the allegations.
Clarida Says Fed Actions Have Improved Market Conditions
Fed Vice Chairman Richard Clarida said the U.S. economy remains in a sizable hole and indicated more policy support would be needed to prevent the economy from backsliding.
U.K. Serious Fraud Office Ends Investigation Into Bank Note Producer
The U.K.'s economic-crimes watchdog has ended its probe into bank note producer De La Rue, saying that the evidence in the case doesn't meet the threshold for prosecution.