The Force Behind Bitcoin's Meteoric Rise: Millions of Asian Investors
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Unlike past financial frenzies such as the dot-com bubble of the late 1990s, individual investors have been first to the party, fueling bitcoin's 1,600% rise this year.
SEC Chairman Warns Investors Against Bitcoin
Wall Street's top regulator on Monday raised alarms about the money flooding into bitcoin trading and other cryptocurrency markets, warning the red-hot corner of less-regulated finance is burning with risk for retail investors.
Economists Give High Marks to Janet Yellen
Federal Reserve Chairwoman Janet Yellen is getting a positive report card from outside economists as she prepares to leave office after four years leading the U.S. central bank.
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Bet on UniCredit for Europe's Banking Recovery
The threat of higher capital charges isn't over for European banks, but UniCredit, Italy's biggest lender, can take this in its stride.
Passport Capital to Shut Flagship Hedge Fund
John Burbank's Passport Capital, famed for its profitable bets against subprime housing ahead of the financial crisis, will shutter its flagship fund after persistent losses, according to a letter to investors.
KKR Takes Over $4.1 Billion Blackstone-Managed BDC
KKR & Co. LP is replacing Blackstone Group LP as the manager of FS Investment Corp., a business development corporation.
HSBC to Be Released From U.S. Deferred Prosecution Pact
HSBC is to be released from a controversial agreement that let it avoid U.S. criminal charges in 2012, after it was judged to have sufficiently improved its systems to keep out financial criminals.
App Maker Halts Initial Coin Offering After SEC Investigation
The Securities and Exchange Commission intervened to halt a $15 million initial coin offering that would have evaded laws for how securities must be sold. The case is the first in which the SEC has taken action against an ICO without making fraud claims.
Iron Mountain to Acquire IO Data Centers' U.S. Operations for $1.32 Billion
Records-storage company Iron Mountain Inc. will acquire the U.S. operations of private equity-backed data-center manager IO Data Centers LLC for about $1.32 billion.
Bitcoin Buyers Get Unwanted Message: Wait in Line
Some of the world's biggest cryptocurrency exchanges have experienced disruptions in recent days as interest in bitcoin surged in the weeks leading up to Sunday's launch of bitcoin futures.
(END) Dow Jones Newswires
December 12, 2017 07:15 ET (12:15 GMT)