Toronto-Based Wealthsimple Launches Shariah-Compliant Portfolio
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Wealthsimple Financial is launching a new shariah-compliant portfolio targeting U.S. and Canadian investors in a move to expand its product offerings in an increasingly crowded robo-adviser market.
Blackstone Considers Initial Public Offering of Gates Corp.
Blackstone Group is considering an initial public offering of Gates Corp. that could value the auto-parts maker at as much as $9 billion.
All Regional Fed Banks Wanted to Keep Discount Rate at 1.75% in July
All of the Federal Reserve's 12 regional reserve banks wanted to maintain the interest rate on discount-window loans ahead of the central bank's July policy meeting, according to minutes released Tuesday.
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U.S. Weighs Restricting Trades in Venezuelan Debt to Punish Maduro
The U.S. is considering restricting trades in Venezuelan debt as it seeks to punish President Nicolas Maduro for undermining the country's democracy, according to people familiar with the matter.
Startup Insurer Seizes on Growing Market for Private Medicare Coverage
In the latest sign of the health-care industry's focus on the growing business of private Medicare coverage, several high-profile executives are planning to launch Devoted Health, a new startup insurer focused on such plans.
Banks' Quarterly Earnings Up 10.7%
U.S. banks' earnings rose 10.7% to $48.3 billion in the second quarter from a year earlier, indicating the sector is continuing its postcrisis recovery, a bank regulator said Tuesday.
Think Interest Rates Are Going Up? Banks Don't
After years of waiting for interest rates to rise, some banks have started to lend as if they never will, loading up on a record amount of loans and securities that carry low rates for years.
Neuberger Berman Arm Backs Energy Capital in New Power Play
Dyal Capital Partners bought the equivalent of less than 20% of Energy Capital Partners in a deal that is below $500 million, said people familiar with the matter.
Captrust to Acquire Smaller Investment Advisory Rival
One of the country's largest investment advisory firms is acquiring a namesake firm from which it split two decades ago, a move that comes as the industry consolidates to combat an aging workforce and rising compliance costs.
H&R Block Names Former Uber Exec Jones CEO
H&R Block has tapped former Uber and Target executive Jeffrey Jones to revamp the 62-year-old tax preparer.
(END) Dow Jones Newswires
August 23, 2017 07:15 ET (11:15 GMT)