All articles tagged with #capital markets
Originally Published 1 month ago — by SEC.gov
The speech commemorates America's 250th anniversary by emphasizing the importance of revitalizing U.S. capital markets through regulatory reforms focused on transparency, scalability, and reducing regulatory burdens, aiming to foster innovation, economic growth, and individual agency, while reflecting on the nation's founding principles and history of financial innovation.
Originally Published 1 month ago — by CoinDesk
Strategy CEO Phong Le states the company has increased flexibility to continue accumulating Bitcoin, leveraging a strong capital structure with long-dated debt and opportunistic equity access, and plans to sustain its long-term Bitcoin strategy while maintaining a diversified capital approach.
Originally Published 1 year ago — by CryptoSlate
Donald Trump's re-election and pro-Bitcoin stance could position the US as a global crypto leader, sparking a race in tokenized capital markets between developed and emerging economies. The success of Bitcoin ETFs has already increased institutional interest, and a supportive US administration may further drive Bitcoin adoption globally. This shift could challenge smaller economies like El Salvador, which have leveraged Bitcoin for economic growth. Meanwhile, traditional financial institutions are exploring tokenization, but often limit participation to institutional investors, contrasting with more inclusive models emerging in smaller markets.
Originally Published 1 year ago — by SEC.gov
SEC Commissioner Lizárraga announced his resignation effective January 17, 2025, to focus on family as his wife battles a serious illness. He expressed gratitude to President Biden, the U.S. Senate, and colleagues for their support during his tenure. Lizárraga praised the SEC's role in maintaining robust U.S. capital markets and thanked his team for their dedication.
Originally Published 1 year ago — by SEC.gov
Gary Gensler, the 33rd Chair of the U.S. Securities and Exchange Commission (SEC), will step down on January 20, 2025. During his tenure, Gensler implemented significant reforms to enhance the efficiency, resiliency, and integrity of U.S. capital markets, including updates to the Treasury and equity markets, corporate governance, and disclosure rules. He also led high-impact enforcement actions, returning billions to harmed investors. Gensler's leadership saw the SEC tackle issues in the crypto markets and improve transparency and accountability in financial reporting and auditing.
Originally Published 1 year ago — by Yahoo Finance
Morgan Stanley and Bank of America have reported strong first quarter earnings, with both banks surpassing revenue and earnings estimates. According to Argus Research Director Stephen Biggar, the results reflect a resurgence in capital markets, particularly in investment banking, wealth management, and trading, while the lending business and net interest income have faced challenges. Biggar anticipates a durable upturn in investment banking and expects advisory revenues to gather speed in the latter quarters of the year.
Originally Published 2 years ago — by Cointelegraph
El Salvador's Bitcoin bonds, also known as "Volcano Bonds," have received regulatory approval from the country's Digital Assets Commission and are expected to launch in Q1 2024. The bonds will be issued on the Bitfinex Securities Platform and will last for 10 years, offering a 6.5% annual return to holders. This marks the beginning of Bitcoin-based capital markets in El Salvador, supporting the country's pro-Bitcoin initiatives, including the construction of "Bitcoin City" and a recent $1 billion Bitcoin mining project.
Originally Published 2 years ago — by CoStar Group
CBRE Group, the world's largest commercial property brokerage, reported a 56% drop in profit for the third quarter as the sluggish real estate market and economic uncertainty continue to impact property markets. The company plans to cut costs by $150 million, primarily focused on its transaction-focused business lines. CBRE expects a recovery in the capital markets to be delayed until the second half of 2024 due to high interest rates and ongoing economic uncertainty. Despite the challenges, CBRE remains committed to seeking merger and acquisition opportunities and has earmarked funds for capitalizing on the current environment. The company also announced a partnership with the investment banking team from Sera Global to enhance its global investment banking capabilities.
Originally Published 2 years ago — by Barron's
Chinese stocks, including Alibaba, rose for a second day following stimulus measures from Beijing, but concerns about China's economy persist, making long-term gains more challenging.
Originally Published 2 years ago — by Barron's
Chinese stocks rallied after the Chinese government announced plans to reduce taxes on trading and implement other measures to stimulate the country's capital markets.
Originally Published 2 years ago — by New York Post
Banks in an industry working group have voted to exclude two-thirds of the emissions linked to their capital markets businesses from being attributed to them in carbon accounting, sparking discord with environmental advocates who argue that banks should assume full responsibility for emissions generated by activities financed through bonds and stock sales. The decision could impact banks' targets for becoming carbon-neutral, as almost half of the financing provided by the six biggest US banks for top fossil fuel companies came from capital markets. The accounting standard will not be mandatory, but the Partnership for Carbon Accounting Financials (PCAF) hopes that others will follow the standard that emerges.
Originally Published 2 years ago — by Reuters
Banks working on global standards for accounting carbon emissions in bond or stock sales have voted to exclude two-thirds of these emissions from their own carbon footprint, according to sources. This decision, if upheld, would put banks at odds with environmental advocates who argue that banks should take full responsibility for emissions generated by activities financed through bonds and stock sales. The majority of banks in the working group supported a 33% accounting threshold, while at least two dissented, advocating for 100%. The final decision will be made by the Partnership for Carbon Accounting Financials (PCAF) board. The accounting standard will not be mandatory, but PCAF hopes that other banks will follow the standard that emerges.
Originally Published 2 years ago — by Fortune
The commercial real estate market is facing a slow-motion crisis due to higher interest rates and decreased demand for office space caused by the Covid-19 pandemic. With nearly a hundred million square feet of vacant office space, the cost of capital to support these buildings has almost doubled, resulting in decreased occupancy and value. The lack of price discovery has frozen the capital markets, and the government's policy guidance aims to provide support and direction to the lending community and borrowers. The "extend and pretend" approach allows qualified borrowers with quality assets to work through troubled debt restructuring and recreate the value of their assets. However, the impact on the regional banking system and the potential decrease in real estate values could have significant consequences for the overall economy and Main Street communities.
Originally Published 2 years ago — by CNBC
Investment manager Jim Casselberry, co-founder of Known, is using his four decades of investing experience to help bridge the racial wealth gap for people of color and the Indigenous population. Casselberry believes that the real solution to the problem lies in the capital markets, where the real money is found and managed, but where more than 98% of funds under management are controlled by old majority white firms. Known is a finance and asset management firm that works with founders, family offices, and large asset owners who value competitive returns as well as powerful long-term racial, social, and climate impact.
Originally Published 2 years ago — by Yahoo Finance
Pfizer has sold $31 billion of debt in the fourth-largest US bond sale ever, which will finance its purchase of Seagen Inc. The pharmaceutical giant raked in over $85 billion in orders for the eight-part investment-grade deal, making it the largest debt financing for a merger or acquisition this year. The bond sale comes amid a rush by companies to tap capital markets ahead of a potential jump in borrowing costs sparked by the US debt ceiling standoff. Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. managed the sale.