China's Benchmark Lending Rates Held Steady

The one-year loan prime rate remains at 3.45%. 


 
Gemini Settles With Bankrupt Genesis for Customers to Be Paid Back in Full

The settlement, which needs court approval, would return about $2 billion in digital coins to customers of the Winklevosses' Gemini Earn. 


 
JPMorgan to Hike Dividend After Notching Record Profit

It's the bank's second dividend increase in the past year. 


 
Bankrupt Crypto Lender Genesis Agrees to Pay $21 Million to Settle SEC Charges

Regulator says company engaged in unregistered offer and sale of securities by failing to register its Gemini Earn program. 


 
Brookfield Asset Management Names Hadley Peer Marshall as New CFO

Peer Marshall, who has been with the alternative investment manager since 2015, will succeed Bahir Manios as finance chief at the end of May. 


 
Calpers to Increase Investments in Private Equity

The California Public Employees' Retirement System said its board had approved a proposal to increase total private-market allocations to 40% of plan assets from 33%. 


 
Raymond James Financial Shuffles Leadership

Raymond James Financial named finance chief Paul Shoukry as the successor to longtime CEO Paul Reilly and made other changes to its leadership team. 


 
Property Worries Cloud European Banks' Prospects

Turbulences in real-estate markets on both sides of the Atlantic raised fears of contagion risks for Europe's financial sector, but analysts see European banks better insulated from the downturn than their American peers. 


 
The Fed Is Playing a Waiting Game on Rate Cuts. The Rules Are Starting to Change.

While investors focus on whether officials project fewer rate cuts, the Fed looks ahead to recession risks. 


 
A Year After Credit Suisse's Fall, UBS's Path Is Lined With Temptation

UBS wants to use the Credit Suisse acquisition to expand its investment banking operations in the U.S. Above all, though, it needs to retain the focus on wealth management that is beloved by investors.


(END) Dow Jones Newswires

03-20-24 0015ET