(Bloomberg) -- The Securities and Exchange Commission is finalizing settlements with about two dozen Wall Street firms to resolve probes into lapses in record keeping, Reuters reported. Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlElon Musk Wins US Space Force Contract for StarshieldCitadel Is Ready to Fight With SEC Over WhatsApp ProbeBond Selloff Grinds on as Oil Tests $94 a Barrel: Markets WrapLululemon Strikes Deal With Peloton for Fitness Content,
-Wells Fargo is teaming up with private equity firm Centerbridge Partners to launch a fund with a capacity to lend more than $5 billion to North American middle-market companies, the groups said on Tuesday. The move highlights the increasing intertwining of private capital providers and traditional banks in offering credit to companies and consumers since the global financial crisis, as heightened regulation and cost have forced banks to reevaluate the types of loans and services they provide.
Centerbridge and investors including the Abu Dhabi Investment Authority and British Columbia Investment Management Corporation will provide the cash for the direct-lending fund, named Overland Advisors.The latest polls in Canada have the country’s Conservative Party in a very comfortable position. If an election were held now, it’s predicted that the Tories would take 179 seats, against the governing Liberals with 103, and the socialist New Democratic Party 21.
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