Big investors who own shares in and trade with the country’s largest banks should push lenders to reduce risks in the financial system by increasing capital levels, Federal Reserve Bank of Minneapolis President Neel Kashkari said.
WeChat users in the U.S. revived their request in court to block the Trump administration’s restrictions on the Chinese-owned messaging app, ahead of a Sunday deadline to remove the app from American stores.
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter.
Gold’s strong run is taking Canada’s equity benchmark back to its mining roots.
The Federal Reserve signaled it will keep its benchmark interest rate near zero through 2023 to help the world’s largest economy recover from the coronavirus pandemic.
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