Fed Proposes Paring Back Volcker Rule

Fed Proposes Paring Back Volcker Rule

The Federal Reserve has proposed changes to the Volcker rule that would allow banks to invest in venture capital funds and start-up funds, and make it easier to sponsor credit funds that make loans, invest in debt securities, or extend credit. Federal Reserve Board...
First Coronavirus Death Outside China Reported

First Coronavirus Death Outside China Reported

BEIJING—The newly identified coronavirus has claimed its first victim outside China, a 44-year-old Chinese man in the Philippines, as the death toll surpassed 300 and the number of people sickened by it approached 15,000 globally. The man—from the central Chinese city...