SEC Says All Companies Can Now File Secretly for IPOs
Continue Reading Below
The SEC announced that it would allow all companies to file paperwork confidentially as a first step toward going public. Until now that privilege has only been available to firms with less than $1 billion in annual revenue
Deutsche Bank Again Refuses Democrats' Requests for Trump Accounts
Lawyers for Deutsche Bank rebuffed arguments by Rep. Maxine Waters and four other Democrats that the bank was too broadly interpreting bank-secrecy laws.
On Inflation, Look Past the 12-Month Reading
Fed officials have said they believe a slowdown in inflation in March and April should prove transitory. Even if they're right, they'll face a bit of a communications challenge for the rest of the year.
Continue Reading Below
N.Y. Regulator Seeks Details From Life Insurers
New York's top financial regulator is investigating life insurers' use of big data, complicating the industry's efforts to boost sales by forgoing medical examinations in favor of algorithms for sizing up risk.
U.S. to Sanction Chinese Bank Over North Korea Financing
The Trump administration said it plans to cut off China's Bank of Dandong from the U.S. financial system, accusing it of facilitating financing for companies involved in North Korea's weapons program.
Fed's Yellen to Testify Before House Committee July 12
Federal Reserve Chairwoman Janet Yellen will be on Capitol Hill in mid-July for her semiannual congressional testimony on the state of the U.S. economy and monetary policy.
Fed's Bullard, Seeing No Inflation Pickup, Argues Against Raising Rates
St. Louis Fed President James Bullard said he didn't support raising short-term interest rates again this year, casting doubt on the view that the low unemployment rate in the U.S. would push up inflation.
Evercore Hires Deutsche Bank's Paul Stefanick
Evercore Partners, the investment-banking advisory firm, is continuing its hiring spree, bringing on a senior banker in New York from Deutsche Bank.
CFTC Won't Prosecute Ex-Citigroup Traders Over 'Spoofing'
Three former Citigroup traders struck nonprosecution agreements with the Commodity Futures Trading Commission thanks to their cooperation in a larger investigation of "spoofing" in U.S. Treasury markets, the CFTC said.
Oaktree Nears Buyout of Fifth Street Asset Management
Oaktree Capital is nearing a buyout of debt investor Fifth Street Asset Management, according to people familiar with the matter.
(END) Dow Jones Newswires
June 30, 2017 00:16 ET (04:16 GMT)