U.S. Regulator Vows Tough Line on Problem Banks

Large U.S. banks found to have consistently poor risk management and other failings will face more heavy-handed government intervention, including demands to shore up capital or exit lines of business. 


 
Humm Told to Stop Adding New BNPL Customers by Australian Regulator

Australian credit provider said itcomplied with the order and is seeking to engage with the ASIC. 


 
Toronto-Dominion Bank Profit Falls as Provisions for Credit Losses Rise

Toronto-Dominion Bank reported on Thursday a drop in profit in its second quarter with revenue growth in line with analyst expectations, while provisions for credit losses continue to climb. 


 
Icahn Enterprises Stock Continues to Drop. Bill Ackman Weighs In.

A long-running feud between activist hedge fund managers Carl Icahn and Bill Ackman is revived as the latter tweets about the embattled shares of the former's investment vehicle. 


 
SEC Penalizes Private-Fund Manager Sciens for Compliance Failure

The penalty comes amid heightened focus by the regulator on how fund managers value their assets. 


 
Boston Fed chief Collins says interest-rate 'pause' may be close at hand

Boston Fed President Collins said signs of waning inflation suggest the central bank may be "at, or near, the point" where it can stop raising interest rates. 


 
BlackRock Hires Coller Executive to Co-Head Secondary Team

The global asset manager is marketing its first secondary fund since the departure of three key executives in 2022. 


 
Celsius Names Fahrenheit as Winning Chapter 11 Bidder

Crypto lender has reached a deal to be managed by a group of investors led by TechCrunch founder Michael Arrington. 


 
High-Tech Farm Startups Laid Low by Financing Drought, Pests

The ventures represent the latest attempts by tech entrepreneurs to transform established industries. 


 
Turkey's Central Bank Holds Key Rate

CBRT kept its benchmark interest rate at 8.5%, continuing a policy of low interest rates demanded by President Recep Tayyip Erdogan


(END) Dow Jones Newswires

05-26-23 0015ET