While many parts of the mutual fund industry seem to have recovered, closed-end funds still face troubles that range from increased competition to the lingering effects of the 2008 crisis.

Carlyle Group is set to raise $950 million for investments in South America as the U.S. buyout firm assembles its first private-equity fund dedicated to the region, a person with direct knowledge of the plan said.

Workers would be limited in tapping 401(k) retirement plans for loans under legislation two senators plan to introduce that is designed to counter the erosion of retirement assets.

Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.

Readers weigh in on the role of the Financial Accounting Standards Board, consider personnel changes at the Consumer Financial Protection Bureau, debate the viability of public banks and more.

Charges against Stephen Calk indicate he lied to regulators about what he knew when he approved loans to Paul Manafort, as well as his interest in landing a job in the Trump administration.

Banks that offer a wide array of products and services are confronting extraordinary challenges. They aren't doomed, however.

Republicans and Democrats have made constructive inroads toward drafting a stablecoin bill this Congress. The next Congress needs to build on that progress — and think bigger.

Inconsistent rules for calculating bank capital threaten to cut off small banks from a key source of liquidity.