Banks Still Are Too Weak and Risky, Kashkari Says
Minneapolis Fed head, decrying two bailouts in 12 years, says lenders need more equity capital to buffer against tough times.
News
Texas, MIT Endowments See Strong Gains; Illinois, Missouri Post Weak Returns
Texas, MIT return 9.5% and 8.3%, respectively, while Illinois loses 2.5% and Missouri gains 1.15%.
GIC Leads $500 Million Funding into Consumer Credit Unicorn Affirm
The Singapore sovereign wealth fund previously invested in the fintech startup from PayPal co-founder Max Levchin.
Op-Ed: A Valuable Tool for Private Equity Fund Investments
Attorneys with global law firm K&L Gates LLP discuss why a model limited partnership agreement could help CIOs.
Yeah, and Larry Fink Doesn’t Like Remote Work, Either
BlackRock chief says homebound labor stifles cooperation and erodes corporate culture.
UK Women Lose Court Challenge Against Pension Age Increase
Ruling could affect 4 million British women. Activists vow to take the case to Supreme Court.
CDPQ Leads $185 Million Funding into AppDirect
The fast-growing online subscription commerce platform will use the Canadian pension giant’s capital to expand overseas.
International Fugitive, Disbarred Lawyer Charged in Cryptocurrency Scam
Randy Levine, a man of many aliases, had been on the lam for 15 years before getting caught in Austria.
New Investment Restrictions Coming for CalPERS CIO
The resignation of CalPERS CIO Ben Meng on ethics charges revolving around his investments spurred board to review new restrictions.
Dimon: Get Staffers Back in the Office, Remote-Work Productivity Stinks
In a corporate split, some bosses and workers agree with the JPM chief, but others really, really don’t.
Pandemic Creates Watershed Moment for Sustainable Investing
Sustainalytics Founder Michael Jantzi says COVID-19 has been a catalyst for ESG investing.
Both Trump and Biden Will Bring Higher Corporate Taxes, PwC Survey Says
A daunting 70% of execs polled think either candidate will boost business levies to help pay for the added trillions in federal relief spending.
Investor-Led Climate Action 100+ to Judge Companies on Sustainable Benchmark
The standard developed by the global alliance of allocators and EY Consulting will be released next year to assess which businesses are leading the transition to net-zero carbon.
PBGC Multiemployer Program to Become Insolvent by 2026
Agency warns that without legislation, it won’t be able to provide financial assistance to 1,400 plans.
Hollywood Runs Afoul of the SEC
Financial regulator settles charges with movie financier, producer, and actor/rapper in two separate cases.