Investments

Federal Reserve Vice Chair for Supervision Michael Barr said in a speech Tuesday that banks might need to establish margin to counteract counterparty risks presented by private funds.

The departures are occurring during a period of heightened U.S. political backlash against the environmental, social and governance investing strategy. Republican officials across the country have launched investigations into banks and asset managers, introduced anti-ESG laws and pulled funds from firms such as BlackRock, which championed sustainable investing.

With dominant industry personalities suddenly swept offstage, the evolving rules and regulations that will dictate the industry's future will be in the spotlight.

The Federal Reserve expects to cut interest rates three times this year, some say as early as March, if data alllow those moves. Following the Jan. 30-31 FOMC meeting, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions, will provide his take on the meeting and Chair Jerome Powell's press conference.

Beyond Citadel, recipients of stock tips described in legal documents — without being named — include people at block-trading specialist CaaS Capital Management, Segantii Capital Management and Evolution Capital Management, according to people with knowledge of the matter.

PayPal hopes to demonstrate its coin's utility by using it to take a stake in a company called Mesh.

Barclays has redesigned the Cambridge Eagle Lab to focus on companies that develop sustainable and other environmentally focused technology, Vodafone expanded its partnership with global fintech MoneyHub to offer its financial wellness app, and more in this week's global news roundup.

The next few years will mark the transition of sustainable finance in Latin America through its adolescence and towards maturity.

A federal judge rejected every one of Missouri's arguments for why SIFMA's lawsuit should be dismissed.

When Gensler arrived at the SEC in 2021, he took on just about everything. Rules for stock-market trading, Treasury-security clearing, executive-pay disclosures, private equity, crypto, short-selling, climate-change risks, even AI: nothing seemed off limits. But now, three years later, to Big Finance, the verdict is clear: Gary Gensler overreached.

The asset and wealth division helped drive the gains, posting its highest quarterly revenue in two years on a gain tied to the sale of a financial-management business. That helped counter fixed-income trading results and investment-banking fees that fell short of expectations.

A bill before the state legislature would create a public infrastructure bank, where municipalities could go to finance projects from affordable housing to bridges.

Before a spot bitcoin ETF is approved, we're going to need to see much more clarity about how applicants draw the line between custody and trading.

JPMorgan Chase and Citigroup were among the banks that voluntarily reported new information this year about the impact of their operations on climate change. The additional disclosures came in advance of new regulations that are expected in 2024 from the Securities and Exchange Commission.

The proposal's plan for addressing securities financing transactions will lead to negative unintended consequences for multiple financial entities.

Morgan Stanley said it expects to record its highest-ever income from Japan as bets on a shift in the nation's monetary policy fuel a trading revival.

The Investment Company Institute predicted a dire situation for bank loan funds should the SEC finalize an amendment that would reclassify many of these funds as illiquid.

Citigroup, Barclays and Morgan Stanley are just a few of the firms joining JPMorgan in what suddenly feels like a rush into direct lending.

Left-leaning shareholder groups are asking JPMorgan Chase, Goldman Sachs and other large asset managers to explain a recent decline in their support for certain environmental and social policies at public companies.