Banks Pile Into Treasurys, Helping to Fund Government Borrowing Spree

Surging deposits and declining lending are driving banks to dramatically increase their holdings of U.S. Treasurys, offering significant support to the bond market at a time of unprecedented government borrowing. 


 
European Banks Consider Mergers for Survival

Banks in Europe are facing a prolonged era of low interest rates, a gloomy economic outlook and souring loans that are expected to rise. 


 
Auto Supplier Garrett Motion Files for Chapter 11

Garrett Motion proposed a $2.1 billion sale of the business to private-equity firm KPS Capital Partners. 


 
Supreme Court Asked to Rule on Private-Equity Pension Liability

In August, the New England Teamsters & Trucking Industry Pension Fund asked the Supreme Court to revisit a lower-court ruling that said private-equity firm Sun Capital Partners isn't responsible for $4.5 million in pension liabilities of a bankrupt company that was owned by two of the firm's funds. 


 
Fed Issues New Bank Guidance to Improve Main Street Loan Access

The move is a bid to increase loans to small and midsize businesses via the central bank's program amid the coronavirus pandemic. 


 
Fed's Bullard Says Inflation Could Start to Pick Up Soon

Federal Reserve Bank of St. Louis leader James Bullard said higher inflation is coming to the U.S. economy, but didn't indicate that would be a worrisome development. 


 
Swedbank Under Investigation By Swedish Regulator in New Probe

In a statement, the bank said the investigation covers the period between Sep. 20, 2018, through Feb. 20, 2019, and relates to the disclosure of insider information and the obligation to establish an insider list in connection with the disclosure of suspected money laundering within the company. 


 
Cleveland Fed: 'Vast Majority' of Public Unaware of Fed's New Strategy

If the Federal Reserve wants the public to embrace its new approach to inflation and monetary policy, it's got a lot of work to do. 


 
Bank Investors Don't Have to Be So Anxious About New Stress Tests

The Federal Reserve is now giving banks another, and in key ways even tougher, stress test. But this shouldn't cause deep anxiety for investors. 


 
SEC Fines Welsh Carson Over Late Stock Sale Disclosures

Private-equity firm Welsh, Carson, Anderson & Stowe has agreed to a $100,000 penalty for late disclosure that it had sold its stake in a publicly listed prosthetics company.