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Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, according to the Federal Reserve.
Fifth Third Bancorp jumped the most in four months, leading bank stocks higher, with Chief Executive Officer Tim Spence predicting that income from lending has bottomed out.
China’s securities regulator said it will encourage the nation’s companies to list in Hong Kong as it unveiled a package of measures to bolster the city’s position as an international financial hub.
Hong Kong’s accounting regulator said it will investigate allegations over PricewaterhouseCoopers LLP’s role auditing China Evergrande Group following a “whistleblower report”.
Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
May 29, 2019
, Bloomberg News
WeWork Cos. is in talks with banks about arranging a US$2.75 billion credit line ahead of a planned initial public offering, according to people with knowledge of the matter.
JPMorgan is leading the potential financing, said the people, who asked not to be identified because the plans aren’t public. Representatives for the bank and WeWork declined to comment.
WeWork in April said it had filed paperwork confidentially with the U.S. Securities and Exchange Commission for an IPO, which could be the year’s biggest after Uber Technologies Inc.
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