News Highlights: Top Financial Services News of the Day - Tuesday at 11 AM ET

Fed Backpedals on Plan to Increase Big Bank Capital 
 

Banks spent over a year fighting earlier proposals that would have raised some banks' capital buffers by nearly 20%.

 
The Shadow Dollar That's Fueling the Financial Underworld 
 

The cryptocurrency tether enables a parallel economy that operates beyond the reach of U.S. law enforcement.

 
First Reserve Pivots From Big Energy to Embrace Midsize Infrastructure Businesses 
 

Private-equity firm First Reserve has shifted from large bets in the oil patch to backing midsize providers of specialized services and engineered products to infrastructure operators-and it says a string of profitable exits shows the strategy is working.

 
Goldman CEO Solomon Expects Trading Revenue Drop in Third Quarter 
 

Solomon blamed the decline on a challenging macroeconomic backdrop, especially during August.

 
SEC Fines Seven Companies for Violations to Whistleblower-Protections Rules 
 

Companies will pay a combined $3 million over employment agreements and separation releases with language that could deter whistleblowers from coming forward, the agency says.

 
Financial Services Roundup: Market Talk 
 

Laurentian Bank, Westpac and more in the latest Market Talks covering Financial Services.

 
The Boom in Zero-Day Options Is Coming for Tesla and Nvidia 
 

Brokers and exchanges discuss expanding #0dte to options on individual stocks.

 
Attacks on RBA's Independence a Disappointing Diversion, BlackRock Says 
 

Recent criticism of the Reserve Bank of Australia by the country's center-left Labor government is a diversion from the fact that Canberra's record spending is itself playing a big part in keeping inflation high, says BlackRock.

 
Can Venture Capital Keep Itself Afloat? 
 

Parched returns have left investors leery of replenishing the venture ecosystem with more capital. 'The money is not making the round trip,' says one observer.

 
Iraqi Banks Used U.S.-Created System to Funnel Funds to Iran 
 

The New York Fed's process to move Baghdad's oil earnings lacked key money-laundering safeguards, resulting in illicit transfers that financed terrorist groups for years.

(END) Dow Jones Newswires

September 10, 2024 11:15 ET (15:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.