Apple, Other 'Fintechs' Face Scrutiny Over Payments
The Consumer Financial Protection Bureau proposed a rule that would subject large nonbank consumer payments companies to reviews by examiners.
KKR Grows Assets Despite Tough Market Conditions
The global private-markets firm raised $14 billion in the quarter ending Sept. 30, including $8 billion for credit and liquid strategies.
TPG Gains on Stepped Up Deal Activity
The buyout firm invested $5.5 billion during the third quarter and scored a big win on Creative Artists sale.
Congress Must Aid Fight Against Illicit Use of Crypto, Treasury Official Says
Deputy Treasury Secretary Wally Adeyemo calls on the crypto industry to self-regulate to avoid furthering “heinous acts” such as Hamas’s attack on Israel.
Goldman Moves to Unload GM Credit Card
The investment bank informed employees Tuesday of a process to find a new issuer as it retreats from consumer lending.
Carlyle Group Posts Lower 3Q Revenue
Distributable earnings, or profit that can be returned to shareholders, fell about 43% to $367.4 million.
Occidental, BlackRock to Form Joint Venture for Direct Air Capture Facility
Occidental Petroleum and BlackRock will form a joint venture to develop Stratos, a direct air capture facility.
Fed's Michelle Bowman says proposed bank reforms go beyond what the law intends
Fed governor Michelle Bowman said Tuesday that federal officials are overstepping the spirit of the law with a series of proposed bank rules.
UBS's Takeover of Credit Suisse Was a Steal. Now Comes the Bumpy Part.
The Swiss bank recorded its first loss in nearly six years and will take a long time to integrate its once-rival, even as gains materialize.
Fed's Kashkari: No preparation for interest-rate cuts
Federal Reserve officials have not discussed what it would take to cut interest rates, Minneapolis Fed President Neel Kashkari said Tuesday.
(END) Dow Jones Newswires
11-08-23 0015ET
