Fed's Clarida Sees Time Approaching for Discussion on Cutting Asset Purchases
Vice President Richard Clarida said the topic of the Fed’s reduction in bond purchases by $ 120 billion per month would likely come up at some point in upcoming policy meetings.
Morgan Stanley's Global Head of Prime Brokerage Steps Down
Edward Keller leaves his post to deal with a personal health problem. He will be succeeded by Penny Novick and Kim Shaw, the first women the bank has appointed to lead world-class brokerage.
BlackRock, New Mexico Pension to Back $700 Million Secondary Deal
BlackRock’s Liquidity and Secondary Solutions Team and New Mexico Pension Lead Formation of New Fund to Acquire Two Assets from AE Industrial’s First Fund based in Boca Raton, Fla., AE Industrial Partners Fund I LP, according to sources close to the deal. .
RBNZ Keeps Stimulatory Policy in Place
New Zealand’s central bank said the economic outlook was improving as vaccinations against Covid-19 increased around the world, but kept its policy tools unchanged at stimulating levels to help safeguard the recovery.
Traders Shouldn't Get Prison Time in Spoofing Case, Probation Office Says
Prosecutors are calling for sentences of nearly five years or more for two former Deutsche Bank employees convicted last year.
SoftBank Leads $500 Million Investment in Contentsquare
Digital experience analytics firm Contentsquare has received a $ 500 million investment led by SoftBank Group Vision Fund 2, bringing the technology firm’s valuation to $ 2.8 billion.
Goldman Targets China Wealth Management With ICBC
Goldman’s asset management arm will own 51% of the business and the remainder will be owned by a wealth management subsidiary of ICBC.
Elizabeth Warren slams Fed's top bank cop, saying system will be 'safer' when he's gone
Massachusetts Democrat Senator Elizabeth Warren said she looked forward to the likely departure of Federal Reserve Vice President Oversight Randal Quarles, saying the financial system will be safer when he is gone.
Geico to Use Artificial Intelligence to Speed Up Car Repairs
The insurer is using new technology so body shops can start work earlier and customers can get back on the road faster.
Raymond James to Acquire Advisory Firm Cebile Capital
Private equity advisory firm Cebile Capital has agreed to be acquired by Raymond James Financial in an agreement that would give the investment bank access to alternative investments and the second-hand market in private funds and companies.
(END) Dow Jones News Wire