Market making in digital tokens used to be a font of outsized profitability. The picture today is very different as costs jump and investors avoid a crypto sector scarred by a $2 trillion rout. The price crash led to bankruptcies like that of the FTX exchange, leaving a mountain of coins stranded...
The world’s biggest banks aren’t telling stakeholders what they need to know to judge how big the industry’s carbon footprint is, according to a fresh study. Only five global banks have disclosed the quantitative results of climate scenario analyses to shareholders and clients, according to a report published on Tuesday...
Asset managers trying to sell funds in Europe are finding it “increasingly difficult” to do so unless their products are registered as ESG, according to a study by analysts at Goldman Sachs Group Inc. The research comes more than two years after the European Union enforced its Sustainable Finance Disclosure...
Trade groups for the world’s biggest hedge funds and private equity firms are taking the Securities and Exchange to court over new restrictions it placed on the industry last month. The American Investment Council and the Managed Funds Association are among the groups alleging the SEC went too...
Markets settled into a holding patterns ahead of Friday’s key US jobs data, with European stocks and American equity-index futures edging higher, Treasury yields flat and a gauge of the dollar steady. Energy majors were among the gainers in the Stoxx Europe 600 index as crude oil headed for the...
The Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists. Signs of softening in the labor market are a “strong tell” that the Fed would pause...
Fresh off a pivotal win in court this week, Grayscale Investments may soon find itself in another fight: the $7.5 trillion U.S. exchange-traded industry’s never-ending contest over fees. A ruling Tuesday overturned the Securities and Exchange Commission’s decision to block Grayscale’s bid to convert its $17 billion bitcoin trust into a physically...
Apollo Global Management Inc. hired BlackRock Inc. veteran Rick Moreno to bolster the buyout giant’s U.S. team targeting investment firms for the ultra-rich. Moreno recently joined Apollo to lead its West Coast family office coverage and will be based in both the San Francisco and Los Angeles areas, an Apollo...
Barclays Plc has earmarked cash from its balance sheet to hold corporate loans and compete directly with private credit funds, according to people with knowledge of the matter, as more banks look for ways to gain a foothold in the $1.5 trillion market for private debt. The strategy, which Barclays...
The Securities and Exchange Commission delayed making a decision again on whether to approve the first U.S. exchange-traded fund that invests directly in bitcoin, disappointing advocates just days after a court ruling that was viewed by many as clearing a path for the long-awaited product. The securities regulator, whose three-part...