Audit Watchdog Created After Enron Might Be Dismantled. Its Defenders Duel With GOP.
Former audit regulators, academics and investors say oversight would diminish if the PCAOB is folded into the SEC, while the plan's supporters tout the capabilities of the securities regulatory agency.
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SEC Sues Crypto Startup Unicoin and Its Executives for Fraud
The crypto company misled investors and overstated value of real-estate assets that it said backed its tokens, the agency said.
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Private-Credit Growth Fueled by Banks May Pose Risks
A Boston Fed report examines potential risks of rapidly expanding nonbank lending, which is often financed by banks
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Chinese Firms' Plan to Avoid Stock Delisting: Buy Trump's Memecoin
More companies are announcing plans to buy cryptocurrencies to help lift their share prices.
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Bloomberg Outage Hits Traders, Disrupts Government-Bond Auctions
The terminal, an essential tool for professional investors, suffered an outage that disrupted trading and some offerings of government bonds.
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Mary Daly and Other Fed Presidents Warn Don't Expect Recession or Rate Cuts
The three presidents all emphasized the limits of backward-looking data and the growing importance of anecdotal intelligence.
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Barings Collects $950 Million for Private-Equity and Infrastructure Fund
The $442 billion investment manager is targeting smaller funds and newer managers in the belief they will produce outsize returns.
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Indonesia's Central Bank Resumes Rate Cuts to Support Growth
Bank Indonesia has resumed its rate-cutting cycle as cooling inflation, slower growth and a steadier rupiah offer room to loosen policy settings.
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The IPO Market Is Stirring, but at ‘Down-Round' Valuations
Venture-backed tech companies are testing the market, but have made peace with the idea that the lush private valuations of years ago are a thing of the past.
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Julius Baer Books Loan Loss Charge
The bank's new leadership is reviewing credit portfolios to move past a scandal that led to a major writedown and cost the former CEO his job.
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Financial Services Roundup: Market Talk
Find insight on UBS Group, JPMorgan Chase, Morgan Stanley and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
May 21, 2025 16:00 ET (20:00 GMT)
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