Janet Yellen Says Bank Deregulation May Have Gone Too Far
Treasury Secretary Janet Yellen warned that deregulatory efforts that watered down some post-2008 financial reforms might have gone too far and contributed to the recent banking crisis.
Treasury Secretary Janet Yellen warned that deregulatory efforts that watered down some post-2008 financial reforms might have gone too far and contributed to the recent banking crisis.
JD.com’s shares soared in the US after two of its subsidiaries filed for Hong Kong initial public offerings on Thursday, paving the way for some of the year’s biggest debuts by a Chinese tech company.
Samurai bonds are making a return to East European issuance agendas as governments seek to diversify their sources of financing at a time of rising costs of euro and dollar debt sales.
Major technology and internet stocks have regained investor favor this year, and no company is ticking more boxes for bulls than Alphabet Inc.
Zimbabwe’s central bank became the second in Africa, after Angola’s, to cut its key interest rate twice this year, as inflation is forecast to ease further.
A prominent tech ethics group filed a complaint on Thursday with the US Federal Trade Commission urging the regulator to halt further commercial deployment of new generations of artificial intelligence technology that powers the popular OpenAI Inc. tool ChatGPT.
Some 31,000 funds are about to have their ESG scores lowered at MSCI Inc., as the firm’s ratings unit works through a major overhaul of its methodology in response to feedback from market participants.
US corporate profits declined in the fourth quarter and a key gauge of economic activity stumbled as companies battled rising costs and softer demand against a backdrop of higher borrowing costs.
UBS Group AG Chairman Colm Kelleher said Swiss regulators played no part in the board’s decision to bring back Sergio Ermotti as chief executive officer.
Applications for US unemployment benefits ticked up for the first time in three weeks, suggesting some softening in what’s still a robust labor market in which employers are hesitant to let people go.