Banks, insurers tend to benefit from higher rates even as financial stress builds, rating agencies say
High interest rates, heightened macro uncertainty weigh on deal flow
Students defrauded into financing fictitious AI-powered hedge fund
Defaults expected to rise in early 2024 before easing in second half
Firms use forced arbitration to discourage clients from pursuing complaints
European regulators worry about oversight weaknesses
SRO panel found the rep opened banking products, including a line of credit, in the client's name
Fourth case certified involving funds paying trailers to discount brokers
Real estate funds pose potential systemic risks, report says
SEC, DoJ file allegations against HyperFund promoters