China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy. Source link
Financial Services
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
U.S. Chamber of Commerce Challenges Federal Government’s New Drug-Price Powers
The lawsuit is the second filed this week saying Medicare’s new negotiating authority is unconstitutional. Source link
Merck Challenges U.S. Government’s New Powers to Negotiate Drug Prices
The drugmaker filed a lawsuit saying Medicare’s drug-price negotiation program violates the company’s constitutional rights. Source link
What Is Happening With Binance?
The SEC sued the largest crypto exchange and its controlling shareholder, saying they enriched themselves at investors’ expense. A look...
Interest-Only Loans Helped Commercial Property Boom. Now They’re Coming Due.
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WSJ News Exclusive | Big Banks Could Face 20% Boost to Capital Requirements
Those relying on fees might need bigger buffers to absorb losses under planned rules. Source link
Online Banks Are Winning the Deposit War
Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have...
WSJ News Exclusive | Jamie Dimon Says He Never Discussed Jeffrey Epstein’s Accounts at JPMorgan; Jes Staley Says Dimon Did
Updated May 31, 2023 6:19 pm ETA former top JPMorgan Chase executive said in legal documents that for years he...
Slow Return to Work Pummels Office Stocks
Vacancies are climbing and rents are sinking amid a stalled return-to-office rate. Source link
America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber...
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation Source link
Elon Musk Issued Subpoena in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein
The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. Source link
JPMorgan Targeted by Republican States Over Accusations of Religious Bias
WASHINGTON—JPMorgan Chase has become the target of a campaign by Republican state officials seeking to expose what they see as...
Biden to Nominate Philip Jefferson for Fed’s No. 2 Job
The president will also tap economist Adriana Kugler for a Fed board seat. If confirmed, she would be the first...
Fed Official Signals Support for Further Rate Increases
Federal Reserve governor Michelle Bowman says there hasn’t been sufficient evidence of a labor market or inflation slowdown. Source link
DOJ Settles Antitrust Case, Clearing Way for Assa Abloy Deal
The Swedish lockmaker has agreed to sell some of its brands to another company. Source link
Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy
Hiring picked up as employers added 253,000 jobs last month. The unemployment rate fell to 3.4%. Source link
AIG Buoyed by Higher Premiums on Business Insurance
The company’s core insurance operations produce their best first quarter in 15 years. Source link
WSJ News Exclusive | Apollo Global-Led Group Nears Deal to Buy Arconic
The firms are set to pay $30 a share, or about $3 billion, for the industrial-parts manufacturer, according to people...
