A growing number of property investors are preparing for what they believe could be a once-in-a generation opportunity to buy distressed real-estate assets at bargain prices. Investment firms like Blackstone Group Inc. (BX), Brookfield Asset Management (BAM) and Starwood Capital Group are sitting on billions of dollars in cash and capital commitments they have raised from pensions, sovereign-wealth funds and other big institutions in recent years. Many of these firms are eyeing...
The bank best known for asking' what's in your wallet' had some complex trades in its own. After a risky bet on the oil industry went the wrong way last month, Capital One Financial Corporation (COF) sought relief from regulators, a step that raised eyebrows among public watchdogs and Wall Street analysts. On Friday the bank told MarketWatch that it intends to withdraw the request, saying it is not needed.
The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said.
The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said.
The German government and the nation's credit insurance industry have agreed on a plan to help the sector keep insuring trade despite economic hardship related to the coronavirus outbreak, people with knowledge of the plan said on Wednesday. The plan foresees government guarantees of up to 30 billion euros for the commercial credit insurance industry, the sources said.
BlackRock (BLK) and Neuberger Berman on Wednesday became the first global asset managers to submit applications to set up mutual fund units in China as Beijing pushes ahead with financial sector deregulation despite the coronavirus pandemic.
Goldman Sachs (GS) and Morgan Stanley (MS) said on Friday they had received the final regulatory approvals to take majority stakes in their China securities joint ventures, as Beijing continues to open its financial sector to foreigners. The approvals come as policymakers and authorities step up efforts to shield the world's second-largest economy, battered by the coronavirus pandemic.
FourKites®, the market-leading supply chain visibility platform, today announced that it is acquiring TrackX Holdings Inc.s yard management solutions in order to create Dynamic YardSM, a new supply chain visibility solution that extends real-time visibility into the yard. Specifically, FourKites has acquired TrackXs Yard Management, Dock Management and Gate Control solutions.
Fitch Ratings revised its outlook on the U.S. health insurance industry to negative from stable on Friday, and said fundamentals will be hurt by the outbreak of the coronavirus that causes COVID-19. Almost a quarter of a million people worldwide have been infected with the virus, according to the latest data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. "Fitch expects a weakening of profitability and debt service metrics...
Fitch Ratings revised its outlook on the U.S. health insurance industry to negative from stable on Friday, and said fundamentals will be hurt by the outbreak of the coronavirus that causes COVID-19. Almost a quarter of a million people worldwide have been infected with the virus, according to the latest data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. "Fitch expects a weakening of profitability and debt service metrics...
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