Fed Still Has to Run 'Final Mile' on Inflation, Fed's Mary Daly Says
The San Francisco Fed president says tighter financial conditions could lessen the need for further action from the central bank.
Bond Selloff Might Force Fed to Rethink Shedding Assets
The Federal Reserve’s quantitative tightening is one of the factors pushing long-term rates higher.
FTX Employees Found Alameda's Secret Backdoor Months Before Collapse
The crypto exchange allowed Alameda to have a negative balance of up to $65 billion, prosecutors say.
Tian Tu Capital Shares Fall on Hong Kong Debut
Shares of the Chinese private-equity investor and fund manager opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious.
Texas Capital Bank Sues Ginnie Mae Over $28 Million Bankruptcy Loan
The bank alleges the government took away its loan collateral, leaving it empty-handed.
Metro Bank Evaluates Fundraising Options; Shares Plunge
Metro Bank fell 24% as it said it is considering its options for a capital raise but hasn’t yet made a decision as to which one it will go for.
Wall Street worries U.S. could lose last AAA rating as political chaos fuels government-shutdown fears
Fresh political chaos could prompt a government shutdown in November and Moody’s to revoke its AAA ratings for the U.S. It also would mark a sea change in 100 years of bond ratings.
Math Nerd or Villain: Trial Starts for FTX Founder
The trial of Sam Bankman-Fried kicked off with the defense and prosecution clashing over whether the fallen crypto leader was a flawed manager or the architect of massive fraud.
DOJ Offers More Incentives to Self-Report Wrongdoing in M&A Transactions
Companies acquiring other businesses can face more lenient treatment if they report potential criminal misconduct uncovered during the merger and acquisition process to prosecutors.
Financial Services Roundup: Market Talk
Find insight on mortgage rates, Erste Group Bank’s new CEO, and more in the latest Market Talks covering the Financial Services sector.
(END) Dow Jones Newswires
10-06-23 0015ET
