Bankrupt Crypto Lender Genesis Agrees to Pay $21 Million to Settle SEC Charges

Regulator says company engaged in unregistered offer and sale of securities by failing to register its Gemini Earn program. 


 
Brookfield Asset Management Names Hadley Peer Marshall as New CFO

Peer Marshall, who has been with the alternative investment manager since 2015, will succeed Bahir Manios as finance chief at the end of May. 


 
Calpers to Increase Investments in Private Equity

The California Public Employees' Retirement System said its board had approved a proposal to increase total private-market allocations to 40% of plan assets from 33%. 


 
Property Worries Cloud European Banks' Prospects

Turbulences in real-estate markets on both sides of the Atlantic raised fears of contagion risks for Europe's financial sector, but analysts see European banks better insulated from the downturn than their American peers. 


 
The Fed Is Playing a Waiting Game on Rate Cuts. The Rules Are Starting to Change.

While investors focus on whether officials project fewer rate cuts, the Fed looks ahead to recession risks. 


 
A Year After Credit Suisse's Fall, UBS's Path Is Lined With Temptation

UBS wants to use the Credit Suisse acquisition to expand its investment banking operations in the U.S. Above all, though, it needs to retain the focus on wealth management that is beloved by investors. 


 
Global Era of Negative Interest Rates Ends

An unorthodox central-bank policy was no panacea for Japan, but some countries found it better than nothing. 


 
Financial Services Roundup: Market Talk

Gain insight on Nuvei, Hannover Re, Lancashire Holdings and more in the latest Market Talks covering Financial Services. 


 
Crypto Lender Genesis Says Its Liquidation Plan Abides by Bankruptcy Rules

Genesis Global and a majority of its creditors on Monday defended the bankrupt cryptocurrency lender's proposed chapter 11 liquidation plan against objectors including its corporate parent Digital Currency Group. 


 
China Evergrande Fraudulently Boosted Sales, Regulator Says

The China Securities Regulatory Commission plans to impose a lifetime ban on the property company's founder, Hui Ka Yan.


(END) Dow Jones Newswires

03-19-24 1615ET