 | | | | The U.S. securities regulator has ramped-up its inquiry on Wall Street's blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters. | | | | | | Investors jumped off the reflation trade train, cut inflation expectations and rushed back to technology stocks on signs that global economies were in either mid- or late cycle, BofA's July fund manager survey showed on Tuesday. | | | | | | JPMorgan Chase & Co (JPM.N) reported a 155% jump in profit on Tuesday, getting a boost from the release of loss reserves and a surge in dealmaking, even as the largest U.S. bank dealt with a sharp slowdown in trading activity from last year's record-breaking levels. | | | | | | Goldman Sachs Group Inc (GS.N) on Tuesday blew past analysts' estimates for second-quarter profit as record global dealmaking activity helped Wall Street's biggest investment bank offset a slowdown in trading. | | | | | | Goldman Sachs Group Inc (GS.N) reported a surge in second-quarter profit on Tuesday as Wall Street's biggest investment bank cashed in on record global dealmaking activity. | | | | | | JPMorgan Chase & Co (JPM.N) reported a big jump in second-quarter earnings on Tuesday as the largest U.S. bank gained from a surge in dealmaking and released more reserves it had set aside last year for potential pandemic-related loan defaults. | | | | | | As central banks dabble with digital currencies, commercial lenders are ramping up efforts to influence policy and technical plans, according to more than half a dozen industry executives and public filings. | | | | | | The decision by U.S. drug regulators last month to approve a controversial treatment for Alzheimer's disease could fuel an unusually large increase in Medicare premiums next year, but the outlook is clouded by a number of factors that will play out later this year. | | | | | | Online trading platform Plus500 (PLUSP.L) on Monday reported a sharp fall in customer income for the first half of 2021, as trading levels eased from record volumes a year earlier when pandemic fears gripped financial markets. | | | | | | MSP Recovery, which helps recover money from Medicare and Medicaid secondary payments, will go public through a deal with a blank-check firm, giving the combined company an enterprise value of $32.6 billion in the second biggest SPAC merger. | | | | | |
