How 'Community' Became the Most Controversial Word in Banking
Regulators, lawmakers, and consumer groups are fighting over what it means to be a community bank. The debate has implications for lenders and borrowers everywhere.
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Money-Market Funds Are as Appealing as Ever. Just Don't Back Up the Truck.
Yields are stable, Fed interest-rate cuts are off the table, and increasing market volatility is adding to the allure of cash-like investments.
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SEC Seeks to Scrap Best-Price Rule
The Securities and Exchange Commission said it wants to scrap a 2005 rule that calls for trading platforms to execute buy and sell orders at the best possible price.
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Bankrupt Auto Financier PrimaLend Sued for Lending Fraud
Lawsuit alleges the auto-dealership lender acted as a conflicted adviser to offload its risk in a troubled $46 million auto-loan portfolio.
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Charles Schwab Fires Latest Shot in ETF Fee War, Cutting Expenses to Near-Zero
The company's asset-management unit lowered costs for investors on four equity index funds.
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Accounting Firm Crowe to Sell Stake to KKR in Nearly $3 Billion Deal
The private-equity giant and co-investors would take a majority interest in a firm long resistant to outside ownership.
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ECB Becomes First Major Central Bank to Raise Rates Since Inflation Resurgence
The closure of the Strait of Hormuz and ensuing jump in energy prices has dramatically altered the paths for central banks around the world.
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Citigroup Is Rolling Out Tokenized Shares of Private Companies
The bank hopes other financial institutions will become involved.
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Morgan Stanley CEO Sets Sights on a $10 Trillion Wealth Management 'Juggernaut'
Ted Pick outlines an ambitious goal for Morgan Stanley's wealth management business, which is adding clients and assets thanks to what the company calls its "funnel."
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Calpers Expands Role of Manager Who Led Private-Equity Revamp
The California Public Employees' Retirement System revived its private-equity program by swimming against the stream. Now it hopes the manager who led that turnaround can get the same results in other private asset classes.
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See the VCs and Family Offices at the Core of the Mega IPO Wave
About three dozen investors, from Silicon Valley titans to a family office in Tampa, hold stakes in SpaceX, OpenAI and Anthropic.
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Turkey's Central Bank Holds Rates Amid Elevated Energy Prices
The bank held interest rates for a third-straight meeting, citing high energy prices due to the conflict in the Middle East and weak domestic demand.
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Financial Services Roundup: Market Talk
Find insight on Thai banks, Wise, Asian markets and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
June 12, 2026 07:00 ET (11:00 GMT)
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