SEC proposes lifting reporting requirements for smaller institutional investors

The U.S. Securities and Exchange Commission on Friday proposed drastically raising disclosure requirement thresholds for institutional investors from $100 million to $3.5 billion, in a move the agency said would reduce regulatory burdens for smaller money managers.

Credit Suisse looks to halve its mainland China investment banking unit: Caixin

Credit Suisse is preparing to lay off half of its mainland China investment banking team, according to Chinese business publication Caixin, after saying earlier this week it is looking to fully acquire its Chinese securities joint venture and expand its presence in the market.

Legal & General urges UK to reduce building-related emissions in pandemic recovery

London-based financial and insurance firm Legal & General wants to see the U.K. implement stringent efficiency standards and emission targets for the country’s buildings during the country’s post-pandemic economic recovery.

EQT agrees to pay $854M for New Zealand retirement community firm in renewed deal

An entity owned by EQT’s infrastructure fund reached a new deal to acquire a leading New Zealand retirement village operator, agreeing to pay $854 million, after having scrapped an earlier bid due to the COVID-19 pandemic.

Amundi debuts trio of ETFs aligned with Paris climate accord targets

Amundi introduced three new exchange-traded funds aimed at the European Union’s Paris Climate Agreement-based targets, the French asset manager with EUR 1.5 trillion ($1.7 trillion) in assets under management said on Thursday.

T. Rowe Price leads $2.5B investment round for Tesla rival Rivian

Funds and accounts managed by T. Rowe Price led a $2.5 billion investment round for Tesla rival Rivian, the startup said Friday, as investors chase the electric car hype.

Franklin Templeton to close Canadian version of senior loan ETF

Franklin Templeton’s Canadian arm said on Friday that it will shutter the Canadian dollar hedged version of Franklin Liberty Senior Loan ETF (the ticker symbol is FLSL), with the closure set to be completed in September.

Fintech Marqeta, backed by Goldman Sachs and Visa, eyes IPO: Reuters

Marqeta, a fintech that provides a platform for card issuers and whose backers include Visa and Goldman Sachs, is exploring an initial public offering, Reuters reported on Thursday.

Julius Baer poaches UBS veteran for new private investment unit

Julius Baer said Friday that it is creating a new unit for direct private investments for its ultra-wealthy clients, with the new division’s head joining from Switzerland’s largest bank, UBS.

Supreme Court to weigh government’s conservatorship of Fannie Mae, Freddie Mac

The U.S. Supreme Court said Thursday it will weigh the legality of government stewardship of Fannie Mae and Freddie Mac, which transferred shareholders’ dividends to the Department of Treasury following the 2008 financial crisis in return for billions of dollars of federal investment.

JPMorgan Chase, Ping An invest in supply chain payments fintech Taulia

The investment units of JPMorgan Chase and Ping An Insurance agreed to invest in California payments platform Taulia, as firms see increasing value in supply chain finance amid pandemic-related disruption.

Blackstone raises $4.6B for new fund focused on life sciences industry

Blackstone closed its first fund dedicated to life sciences on Thursday, raising $4.6 billion in capital, as the private equity firm readies itself to become a significant player in the volatile and growing sector.

NY suit against Bitfinex over $850M in lost funds will go forward, appeals court rules

A New York appeals court ruled Thursday that cryptocurrency exchange Bitfinex must face the state’s claims the company engaged in a coverup to hide the loss of $850 million in client and corporate funds connected to one of the world’s most valuable digital currencies.

HSBC Bank Canada provides country’s first green loan

HSBC Bank Canada has issued the country’s first green loan, the company said Thursday, converting an existing 71.5 million Canadian dollar (about $52.6 million) loan to Vancouver-based Concert Properties and building on HSBC’s sustainability goals.

Wirecard execs under investigation for money laundering

German prosecutors are reportedly investigating individuals at Wirecard on suspicion of money laundering, on top of ongoing probes into the company for alleged accounting fraud and market manipulation, as troubles continue to mount for the insolvent payments processor.

FIS unveils new data ecosystem for financial institutions

Fidelity National Information Services said on Thursday that it has launched Ethos, a data ecosystem that will give clients a “unified view of data across their entire enterprise,” as data takes on increasing importance for financial institutions.

Vanguard to launch its first ESG corporate bond fund for US investors

Vanguard Asset Management, with an eye toward the voracious demand for environmental, social and governance-focused investing, will launch its first U.S.-based corporate bond fund screened for these values, it said Thursday.

Citibank, ING, VTB bid to loan €542M to Bulgarian state gas company

Citibank, ING and VTB are among the banks seeking to lend €542 million ($612 million) to Bulgaria’s state-run natural gas company as it looks to expand abroad, the firm said Thursday.

Wells Fargo launches $400M fund aimed at minority small-business owners with PPP fees

Wells Fargo said Thursday that it has launched a new $400 million fund that will be fed through the donation of its Paycheck Protection Program fees in order to help small businesses that have taken the brunt of the economic damage caused by the continuing COVID-19 pandemic.

Goldman Sachs rolls out corporate bond ETF with smart beta approach

Goldman Sachs’ asset-management arm said on Thursday that it was launching a new exchange-traded fund for investment-grade corporate bonds that uses a smart beta approach.

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