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The rule requires that 20 of the biggest U.S. lenders be able to rely on stable funding sources, such as long-term debt and customers’ deposits, in the event of a year long liquidity drought.October 20
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Firms under pressure to offload assets from their expiring funds are opting to repackage them into new vehicles as the pandemic curbs the usual exit routes via sales or initial public offerings.October 9
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Wells Fargo, the U.S. banking industry’s largest employer, became the first major lender in the nation to resume job cuts after a number of top firms said they would try to offer workers stability during the Covid-19 pandemic.October 7
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The Thrasio deal is the first growth investment from Advent’s $2 billion technology fund, which is co-investing with its flagship fund.July 15
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Policymakers have eased some rules and the Supreme Court recently dealt a blow to the Consumer Financial Protection Bureau. But as the landmark legislation approaches its 10th anniversary, the post-crisis regulatory regime has stayed largely intact.July 14
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The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black man died as a result of a white police officer kneeling on his neck, prompting nationwide protests.May 30
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Private equity firms Bain Capital and Boyu Capital are among bidders for SML Group, a closely held garment label maker for fashion brands and retailers.February 24
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Acquiring HP would build Xerox’s share of the printing and copying market, which has been hit hard by a global shift toward cloud computing, reports Bloomberg News.November 6
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The expansion could set up Facebook for a clash with some of the biggest firms in finance, like Goldman Sachs.September 6
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Norwest expands consumer and sports group; Riata-backed Acuity hires former Fossil exec; Borgam taps Shell M&A exec.April 20
