Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates

The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook. 


 
Top-Ranking Lenders See Diminishing Recoveries in Bankruptcy

Top-ranking lenders continue to get less of their money back when companies go bankrupt as many firms head into chapter 11 with less junior debt to absorb the pain, and as aggressive debt restructurings can change who gets repaid first. 


 
Private Equity's Deal Machine Restarts But Exits Still Sputter

"We're just going to compress two and a half years' worth of deals in a year, year and a half," says Roper Technologies CEO Neil Hunn, who predicts more sales from private equity. 


 
How Limited Partner Scrutiny Has Changed Since 2021

Giuseppe Stuto, co-founder and managing partner of 186 Ventures, discusses what it takes to raise a venture-capital fund now. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. 


 
Berkshire Hathaway's Mystery Stock Purchase Could Be Revealed on Wednesday

That stock likely is a financial stock based on disclosures in Berkshire Hathaway's regulatory filings 


 
Fund Manager Bill Hwang's Archegos Was a 'House of Cards,' Prosecutor Tells Jury

Hwang, on trial for fraud and racketeering related to his firm's meltdown, maintains his trading practices were lawful. 


 
Investment Advisers Face Customer Vetting Requirements in Anti-Money-Laundering Push

U.S. regulators took another step on Monday toward bolstering anti-money-laundering safeguards with a proposal to require that certain investment advisers verify identities of their customers. 


 
Credit Assets Outperform for Large PE Firms

Firms including Blackstone, KKR and Apollo continue to build out their private-credit operations. 


 
PCAOB Adopts Tighter Rules on Auditors' Quality Controls

The Public Company Accounting Oversight Board is requiring audit firms to do more to ensure the quality of their work, a move aimed at improving the effectiveness of audits while updating decades-old rules.


(END) Dow Jones Newswires

05-14-24 1115ET