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Exclusive: U.S. SEC steps up scrutiny of private debt ‘financial games’
By Lawrence Delevingne NEW YORK (Reuters) – The top U.S. securities regulator has increased its scrutiny of private funds that make higher-risk loans over the last two years, according to a Reuters review of SEC actions and industry and regulatory sources — just as fears of a global recession hit the booming private credit market. […]
Hyundai to halt South Korea output as China virus disrupts parts supply
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) – Hyundai Motor <005380.KS> will suspend production in South Korea because the coronavirus outbreak has disrupted the supply of parts, it said, becoming the first major carmaker to do so outside of China. The flu-like virus has killed more than 400 people and its economic impact has […]
Morgan Stanley’s Gorman charts ambitious course with $13 billion E*Trade deal
By C Nivedita, Elizabeth Dilts Marshall and Michelle Price (Reuters) – Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis. Part of a broader consolidation in the discount brokerage sector, […]