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JPMorgan Plans $4 Billion U.S. Gold Delivery
JPMorgan Chase & Co. is set to deliver gold bullion worth more than $4 billion against futures contracts in New York this February, as...

By The Financial District
Feb 51 min read


Warburg, Berkshire Partners Approve $3 Billion Deal For Triumph
Private equity firms Warburg Pincus and Berkshire Partners have agreed to take aircraft parts and services supplier Triumph Group Inc...

By The Financial District
Feb 51 min read


State Farm Seeks Rate Hikes In California To Offset Wildfire Payouts
California's largest private insurer, State Farm, has urged the state's insurance regulator to approve an emergency rate hike to help...

By The Financial District
Feb 51 min read


Bank of Canada Cuts Interest Rates
The Bank of Canada has cut interest rates by a quarter percentage point but has also stopped providing guidance on further adjustments to...

By The Financial District
Jan 301 min read


Oracle, SoftBank, OpenAI To Invest $500-B In U.S. AI Infrastructure
President Trump announced on Tuesday a massive investment in artificial intelligence (AI) infrastructure in the U.S. through a joint...

By The Financial District
Jan 301 min read


$3.21 Billion Public Sector Loans Approved
Between October and December 2024, the Monetary Board approved six medium-to-long-term foreign borrowings by the public sector, amounting...

By The Financial District
Jan 281 min read


Ex-MUFG Banker in Theft Case Used Foreign Dealers To Win Big On Trading
A former MUFG Bank employee, Yukari Imamura, has reportedly admitted to using stolen funds to engage in speculative foreign exchange...

By The Financial District
Jan 251 min read


Japan Lender Backs German Telecom’s 5G Expansion
The Japan Bank for International Cooperation (JBIC) has pledged up to €800 million ($822 million) in loans to support a major German...

By The Financial District
Jan 241 min read


Interest Rates Rising Due To Treasury Bond Yields
Recent swings in the bond market have sent the yield on the 10-year Treasury soaring above 4.80%, its highest level since 2023.

By The Financial District
Jan 211 min read


Investor Who Spent $27-M On Burned Mansion To Get Only $3-M From Insurance
Real estate investor Robert Rivani reportedly spent $27 million purchasing and renovating a luxury beachfront home in Malibu.

By The Financial District
Jan 201 min read


China Keeps Benchmark Lending Rates Unchanged
China opted to maintain its benchmark lending rates for a third straight month as a weakening yuan limited room for monetary policy easing.

By The Financial District
Jan 201 min read


Citadel to Raise At Least $500 Million From Bond Sale
Citadel LP, the hedge fund founded by Ken Griffin, plans to raise at least $500 million through a corporate bond sale.

By The Financial District
Jan 171 min read


Remittances Hit $3.12 Billion In November
Personal remittances from Overseas Filipinos (OFs) grew by 3.5% to $3.12 billion in November 2024, compared to $3.02 billion in November...

By The Financial District
Jan 171 min read


SEC Fines Blackstone, KKR, Apollo, And Others In Texting Crackdown
Affiliates of Blackstone Inc., KKR & Co., Apollo Global Management Inc., and Charles Schwab Corp. are among a dozen investment advisers...

By The Financial District
Jan 171 min read


BBM Eyes More Big Dams
President Ferdinand R. Marcos Jr. pledged to allocate adequate funding for the National Irrigation Administration (NIA) to support the...

By The Financial District
Jan 171 min read


Europe’s Largest Pension Fund Divests Tesla Over Musk’s Pay
Europe’s largest pension fund, Stichting Pensioenfonds ABP, sold its €571 million ($585 million) stake in Tesla Inc. during the third...

By The Financial District
Jan 161 min read


Robinhood To Pay $45 Million To Settle SEC Claims
Two subsidiaries of Robinhood Markets Inc. have agreed to pay $45 million in civil penalties to settle allegations brought by the SEC.

By The Financial District
Jan 161 min read


House GOP Threatens To Withhold California Disaster Aid
Rep. Warren Davidson (R-Ohio) suggested withholding federal disaster relief for California during an interview.

By The Financial District
Jan 141 min read


Crypto Isn’t Really An Asset Like Gold, Says SF Fed Chief
Crypto should be regarded as its own asset class rather than compared to gold.

By The Financial District
Jan 141 min read


Chinese Money Rushes Offshore Via HK Mutual Funds
Chinese investors are pouring significant funds into Hong Kong mutual fund products that invest overseas, particularly in bonds, following..

By The Financial District
Jan 131 min read


UBS Probes Undisclosed Nazi-Linked Accounts At Credit Suisse
Swiss banking giant UBS is investigating previously undisclosed Nazi-linked accounts at Credit Suisse, which UBS acquired in 2023.

By The Financial District
Jan 71 min read


Catastrophe-Bond Issuance Pushes Market Value To $50 Billion
Catastrophe-bond issuance reached record levels in 2024, boosting the overall market value to nearly $50 billion as insurers increasingly...

By The Financial District
Dec 31, 20241 min read


Amicorp Denies Fraud Allegations In Malaysia's $7 Billion 1MDB Scandal
Amicorp Group, a corporate services provider, has denied allegations of facilitating over $7 billion in fraudulent transactions linked to...

By The Financial District
Dec 31, 20241 min read


CFPB Sues Zelle And Banks Over Consumer Fraud
The Consumer Financial Protection Bureau (CFPB) has sued Zelle and three major banks—Bank of America, JP Morgan Chase, and Wells Fargo.

By The Financial District
Dec 26, 20241 min read
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