ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half
Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...
Fed Chair Powell: US Economy At An ‘Inflection Point’
Federal Reserve Chairman Jerome Powell said the US economy is at an "inflection point" and that growth and job creation will most...
Treasury Secretary Yellen Calls for Global Minimum Corporate Tax
U.S. Treasury Secretary Janet Yellen said on April 5 that she is working with G20 countries to agree on a global minimum...
Treasury’s Yellen to Restart Hedge Fund Oversight Panel
Treasury Secretary Janet Yellen introduced a three-pronged agenda on March 31 to address "ongoing threats to the nation's financial system."
ECB Increases Bond Purchases To Slow Down Surging Yields
The European Central Bank (ECB) has increased the weekly pace of its emergency bond purchasing program to its highest level in three...
Treasury Launches Program to Support Minority-Owned Financial Institutions
The U.S. Department of the Treasury announced on March 4 in a press release that it is opening the application process for...
Fed Extends Its Paycheck Protection Program Liquidity Facility To June 30
The Federal Reserve Board announced on March 8 it will extend its Paycheck Protection Program Liquidity Facility (PPPLF) by three months to...
Fed’s Powell: Economic ‘Reopening’ Could Lead to a Temporary Rise in Inflation
Federal Reserve Chairman Jerome Powell said on March 4 that he expects inflation to increase temporarily in response to a rise in...
Square Inc. starts its industrial banking operations; buys TIDAL
Square Inc. announced its industrial bank, Square Financial Services, has begun operations, on March 1st, 2021. The announcement comes nearly one year...
Fed’s Wire Transfer System for Banks Experienced a Several Hour Outage
The Federal Reserve's system that allows banks to wire transfer money back and forth went down for several hours on Feb. 24....
Recent Articles
New Chapter 11 Filings, Disclosures: April 12 – April 16, 2021
At least two major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of April...
ViacomCBS Networks International Agrees to Acquire Chilevisión
On Monday April 5, ViacomCBS Inc. (NASDAQ: VIAC, VIACA) announced that it had agreed to acquire Chilevisión from WarnerMedia. WarnerMedia is a...
Carnival Reports $2 Billion Quarterly Loss
Carnival reports $2 billion quarterly loss. This is due to COVID-19 pandemic restrictions on the cruising industry, which has decimated Carnival and...
New High Yield Bond Ratings: April 5 – 9, 2021
At least 35 companies received a revision on high yield bond ratings during the week of April 5-9, 2021. These revisions caused...
ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half
Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...
Most Popular
Google Offers a One-Stop-Shop for Financial Services With New Google Pay App
Google Pay received a significant update the week of Nov. 16 as it introduced the Google Pay App, which focuses on personal...
Neiman Marcus Poised to Exit Bankruptcy as Marble Ridge Founder Charged with Fraud
After an arduous few months after filing Chapter 11 in May, Neiman Marcus, Inc. is set to exit bankruptcy by September 30th....
Concord Acquisition Corp Registers 250 Million Shares Ahead of IPO
Concord Acquisition Corp, a blank-check company with the intention of acquiring a business in the financial services and financial technology sectors has...
Barkbox Announces IPO Through SPAC Merger
Barkbox, Inc. announced on Dec. 17 that it plans to go public through a merger with Northern Star Acquisition Corp. The dog...
Andreessen Horowitz Announces Talent x Opportunity Donor-Advised Fund
On June 3 Andreessen Horowitz (a16z) announced their latest donor-advised fund, the Talent x Opportunity Fund (TxO). The fund is “designed for...
