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News Highlights: Top Financial Services News of the Day

Banks Should Be Wary of Crypto, Top U.S. Regulator Says 

The Office of the Comptroller of the Currency urged caution in a report citing recent "stresses and surprises."

Credit Suisse Completes $2.4 Billion Capital Raise 

Credit Suisse Group said that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023.

SEC Asks Public Companies for More Information About Crypto Exposure 

Request follows the collapse of trading platform FTX and its affiliates

The $42 Billion Question: Why Aren't Americans Ditching Big Banks? 

Big banks still pay next to nothing on savings, but their customers aren't yet moving much money to higher-yielding alternatives.

Quebec Shuns Bitcoin Mining in Bid to Conserve Power 

The Canadian province wants to stop selling cheap power to cryptocurrency miners and direct energy to other areas, a priority shift.

FTX Hires Forensic Team to Probe Money Trail 

FTX's new management has hired a team of forensic investigators from advisory firm AlixPartners to help track the billions of dollars that have gone missing from the failed cryptocurrency exchange.

SEC to Float Proposals to Get Small Investors Better Stock-Trade Prices 

The Securities and Exchange Commission said it would consider issuing four proposals to overhaul the plumbing of the stock market, a key element of Chair Gary Gensler's agenda.

Financial Services Roundup: Market Talk 

Find insight on Canadian foreign-investment rules, Wise's valuation, Swedbank and more in the latest Market Talks covering the Financial Services sector.

Thoma Bravo Bags $32.4 Billion Including Largest Technology Buyout Fund 

The technology-focused firm's main buyout fund collected $24.3 billion, the most it has ever raised

Goldman CEO David Solomon Prepares for a Possible Recession 

Chief executive said he expects stocks and residential real estate to be lower a year from now, and gave just a 35% chance for a 'soft landing'


(END) Dow Jones Newswires

December 09, 2022 00:15 ET (05:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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