Monthly Archives: September 2021
Fed’s Powell opens door to tougher regulations as renomination decision looms
(Reuters) Even as Federal Reserve Chair Jerome Powell predictably dodged the latest question over his future as head of the central bank, his signal of openness to Democratic demands for tougher regulation of Wall Street under a new regulatory chief […]
Here’s what will happen when the Fed’s ‘tapering’ starts, and why you should care
(CNBC) The Federal Reserve will likely start to tiptoe into the unknown before the end of the year. Central bank officials indicated Wednesday that they’re ready to begin “tapering” — the process of slowly pulling back the stimulus they’ve provided […]
How decentralized finance works, and why it’s taking on Wall Street
(CNBC) What would a world without banks look like? The answer may lie in decentralized finance. Decentralized finance is an emerging ecosystem of financial applications and protocols built on blockchain technology with programmable capabilities, such as ethereum and solana. To […]
Hedge fund assets soar to record volumes as yield-hungry investors swell industry coffers
(Hedgeweek) New data published by Barclay Hedge shows total industry assets have now mushroomed to $4.4 trillion, with hedge funds raking in $18.3 billion of new inflows from allocators during July, as managers scored a $7.3 billion trading profit for […]
Federal Reserve holds interest rates steady, says tapering of bond buying coming ‘soon’
(CNBC) The Federal Reserve on Wednesday held benchmark interest rates near zero but indicated that rate hikes could be coming sooner than expected, and it significantly cut its economic outlook for this year. Along with those largely expected moves, officials […]
Fed’s Powell says Wells Fargo asset cap to stay in place until problems fixed
(Reuters) Federal Reserve Chair Jerome Powell said on Wednesday that the Fed is closely monitoring efforts by Wells Fargo & Co to fix its problems, and that it would take appropriate actions if the bank failed to do so. In […]
Veritas, Elliott consider Athenahealth sale at $20 billion valuation
(Reuters) Private equity firm Veritas Capital and hedge fund Elliott Investment Management are exploring options for Athenahealth Inc, including a sale or initial public offering. Veritas and Elliott are aiming for the health information technology company to be valued at […]
SS&C GlobeOp Forward Redemption Indicator measured 2.45% September 2021
(Opalesque) SS&C Technologies Holdings announced that the SS&C GlobeOp Forward Redemption Indicator for September 2021 measured 2.45%, up from 2.24% in August. “SS&C GlobeOp’s Forward Redemption Indicator for September 2021 was a very favorable 2.45%, reflecting lower redemption notices compared […]
SEC Obtains Judgment Against Fund Manager and Bars Him from Appearing or Practicing Before the SEC
(HedgeCo.Net) The United States District Court for the Southern District of New York has entered a final judgment against defendant Daniel B. Kamensky, whom the SEC previously charged with abusing his position as co-chair of the unsecured creditors committee in […]
BlackRock, HSBC among largest buyers of Evergrande debt:
(Reuters) Fund giant BlackRock and investment banks HSBC and UBS were among the largest buyers of the debt of embattled Chinese real estate developer Evergrande Inc, Morningstar data shows. BlackRock added 31.3 million notes of Evergrande’s debt between January and […]
Bank of America cuts China growth forecast under Evergrande shadow
(Reuters) -Bank of America cut its China growth forecast on Tuesday in response to intensifying troubles at property giant Evergrande, a fresh COVID outbreak and a widespread regulatory squeeze, going beyond warnings issued by other investment banks. To read this […]
Second woman accuses Former Apollo Chief Executive Leon Black of rape; Black’s rep calls claim ‘complete fiction’
(Reuters) The claim, by a woman identified as “Jane Doe,” was included in a proposed amended civil lawsuit filed on Monday night by Guzel Ganieva, who has accused the 70-year-old Black of rape saying he attacked her in the late […]