Today’s top financial services news
Inflation Pickup Complicates Fed Outlook Beyond June Meeting
Stronger price pressures are likely to cause officials to back rate hike plans more aggressively this year, but the tactics could be up for debate.
SEC Is Investigating Goldman Sachs Over ESG Funds
The agency’s civil investigation is focused on Goldman’s mutual fund business, according to people familiar with the matter.
Coinbase CEO Blasts Employee Petition Against Executives
An online petition, allegedly from employees, complained about the performance of the crypto exchange and called for the removal of senior executives.
Russia Cuts Key Interest Rate to Pre-Invasion Level
The central bank said inflation had started to fall after a post-invasion surge earlier than it had expected, largely thanks to the ruble’s rebound.
Bank of England Highlights Shortcomings at HSBC, Lloyds, Standard Chartered
The central bank found issues that could make orderly bankruptcies more difficult in a crisis, but also said banks are no longer too big to fail.
Finance Teams Gear Up for Potential New SEC Climate Disclosure Rules
CFOs have recruited ESG specialists and tested new technologies as they prepare for potential rules from U.S. securities regulators on climate risk and emissions disclosure.
U.S. companies are still making billions of dollars of adjustments to make earnings look better, study finds
US companies have continued to adjust their net income figures in 2021 to exclude billions of dollars worth of items, according to a new report from financial data provider Calcbench.
Got Losses on Stocks, Bonds or Crypto? There's a Silver Lining at Tax Time
It was a brutal year for the markets. The good news: Selling your losers can be profitable at tax time. Here’s what you need to know about tax-loss harvesting.
Crypto Firms Cut Back on Hiring During Slump
The Federal Reserve’s decision to raise interest rates is contributing to a selloff and putting pressure on fees.
Chinese Banks Extended More Loans Than Expected in May
Chinese banks extended more loans than expected in May amid calls from Beijing to step up support for a slowing economy.
(END) Dow Jones Newswire