Behind Bond Market's Stall, Investors See Hard Times Ahead
Yields on U.S. government bonds have stalled near all-time lows, a sign that investors are anticipating a painful economic recovery and years of aggressive monetary stimulus.
The Hot Wealth Tech: Humans
With trading commissions and interest rates close to zero, the wealth-management industry has a way to help offset those pressures: working with independent advisers.
Canada Warned About Coronavirus-Induced Mortgage Arrears
The head of Canada's state-owned mortgage insurer warns the income shock from the coronavirus pandemic could leave a fifth of all the country's mortgages in arrears.
Top U.S. Banking Regulator to Step Down
Joseph Otting is expected to step down this week as comptroller of the currency after completing an overhaul of rules governing billions of dollars of lending in low-income neighborhoods.
Sony to Acquire Full Control of Financial Unit for $3.7 Billion
Though little known outside Japan, Sony Financial Holdings is a significant presence in Sony's home country, offering life insurance, auto insurance and banking products such as foreign-currency accounts.
Santander Settles Predatory Auto-Lending Claims for $550 Million
The bank's deal with nearly three dozen states addresses charges it engaged in predatory auto lending to borrowers with low incomes and subprime credit scores.
China's Reference Lending Rates Unchanged in May
China's reference lending rates for both short- and long-term loans were unchanged this month, as Beijing vowed more monetary support for a virus-hit economy.
South Korea to Set Up $8.2 Billion Entity for High-Risk Corporate Debt
South Korea's central bank and government will set up a $8.16 billion entity to buy high-risk corporate debt to help ease the coronavirus-induced liquidity crunch.
Fed's Rosengren Warns Premature Reopening of Economy Carries Risk
Federal Reserve Bank of Boston President Eric Rosengren cast a cautious eye at attempts to restart the economy amid the unresolved coronavirus crisis, while also reaffirming the central bank's desire to do what it takes to offset the pandemic's impact.
Coronavirus Shutdowns Wreak Devastating Toll on Poorest Nations, World Bank Chief Says
The coronavirus pandemic is causing a humanitarian emergency in the world's poorest countries, and it won't likely end until rich nations are able to safely reopen their economies, the head of the World Bank said.