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Wall Street banks back mega buyout financing deal for Worldpay
RIA NEWS JUL 07, 2023
Wall Street banks back mega buyout financing deal for Worldpay

Private equity firm GTCR has agreed to buy a majority stake in the payment processor with $9.4 billion backing from lenders

Yellen calls on US, China to play nicely with economies
RIA NEWS JUL 07, 2023
Yellen calls on US, China to play nicely with economies

The US Treasury Secretary has urged the world’s two largest economies to work within a fair set of rules despite tensions

SEC set to release new rules for money-market funds
MUTUAL FUNDS JUL 06, 2023
SEC set to release new rules for money-market funds

The agency plans to hold a meeting next Wednesday to finalize its changes, which could result in a clash with the $5.5 trillion industry.

BlackRock wants to slash costs of trading bitcoin
ALTERNATIVES JUL 06, 2023
BlackRock wants to slash costs of trading bitcoin

But will the SEC agree that the asset manager’s refiled application will facilitate the democratization of crypto trading?

ESG-linked bonds add clauses that let them escape financial penalties
FIXED INCOME JUL 03, 2023
ESG-linked bonds add clauses that let them escape financial penalties

A quarter of sustainability-linked bonds, which typically pay higher interest if the issuer misses ESG targets, can be redeemed before any penalty is triggered, according to a new report.

Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions
ALTERNATIVES JUL 03, 2023
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions

All five of the refiled applications indicated that Coinbase will provide market surveillance for their funds, a fact that wasn't included in previous iterations.

SEC use of in-house judges to be reviewed by Supreme Court
RIA NEWS JUN 30, 2023
SEC use of in-house judges to be reviewed by Supreme Court

The justices said they will hear a Biden administration appeal of an appeals court ruling that cast a constitutional cloud over the agency's use of in-house judges.

Supreme Court rejects student-loan relief plan
REGULATION, LEGAL & COMPLIANCE JUN 30, 2023
Supreme Court rejects student-loan relief plan

The high court tossed out President Joe Biden's plan to slash the student debt of more than 40 million people.

Fidelity joins race for spot-bitcoin ETF with SEC filing
ALTERNATIVES JUN 30, 2023
Fidelity joins race for spot-bitcoin ETF with SEC filing

It's the latest high-profile traditional financial finance firm to file for such an exchange-traded fund, after BlackRock made a splash with its June 15 application.

Fed traders boost wagers on two hikes by year-end
RIA NEWS JUN 29, 2023
Fed traders boost wagers on two hikes by year-end

Bets fueled by US jobless claims declining by most since 2021.