Blackstone's Earnings Fall Short. Lower Asset Sales Hurt Profit.

Despite a slow deal-making environment, the alternative asset manager took in $25 billion of new capital. 


 
Grayscale CFO Outlines Next Steps Toward Offering a Bitcoin ETF After Court Victory

Finance Chief Ed McGee discusses the crypto asset manager's legal win over the SEC and the vagaries of demand for what would be the first spot bitcoin ETF in the U.S. 


 
Citizens Financial Announces Private Bank Launch

The firm is continuing a concerted push into wealth management following the recruitment of dozens of advisors from the defunct First Republic Bank. 


 
U.S. Targets Crypto Mixers Over Money Laundering Risks

The Biden administration designated international cryptocurrency platforms commonly known as "mixers" as primary money-laundering hubs that threaten national security. 


 
SEC Retreats From High-Stakes Lawsuit Over XRP Cryptocurrency

Agency agrees to dismiss allegations against Ripple Labs executives after earlier losing part of its case against the company 


 
As Storm Damages Mount, States Try to Make It Harder to Sue Insurers

With severe weather and climate-driven payouts pressuring insurers, some states look for ways to keep premiums down. 


 
The 10-Year Treasury Yield Is Near 5%. What That Means for Stocks, Gold, and More.

Investors continue to push bond yields higher as the strength of the economy surprises. 

What if Wall Street Doesn't Bounce Back?

Deal-making activity for big investment banks might be in for a long lull. 


 
The Trusted 60-40 Strategy Just Had Its Worst Year in Generations

Higher interest rates and inflation are upending millions of Americans' retirement planning. The classic 60-40 stock-to-bond ratio isn't cutting it anymore. 


 
DNB Launches Buyback as Profit Rises

DNB reported a third-quarter profit beat, though the net interest income of NOK15.7 billion was just shy of views, and said it would start a buyback comprising up to 1% of its shares.


(END) Dow Jones Newswires

10-20-23 0015ET