Climate group claims environmental and reputational risks outweigh prospective revenue for banks considering underwriting bonds for coal, oil, and/or gas companies.
The U.S. Treasury Department says allies must work together to create shared standards for regulating cryptocurrencies so that it's harder for bad actors to get away with crimes.
The agency announced this April that it intends to begin using a "dormant" authority to conduct regulatory examinations of nonbank financial companies when they pose risks to consumers.
Direct lenders are lavishing risky companies and private-equity firms with capital at rates below what's available in the volatility-lashed high-yield and syndicated-loan market.
"Overall, inventories in the economy are still unusually low, even after a few quarters of substantial builds. That reflects how lean inventories were after massive liquidation during the pandemic."
