News Highlights: Top Financial Services News of the Day - Thursday at 12 AM ET

The Lender Bailing Out Desperate Luxury Property Owners-for a Price

Bay Point Advisors steps in when traditional banks won't. But some say the company can be too cutthroat when it comes to getting paid.

Boston Fed President Sees Risks of Both Inflation and Soft Labor Market

Federal Reserve Bank of Boston President Susan Collins expects to gradually lower interest rates while the situation becomes more clear.

Archegos Founder Bill Hwang Sentenced to 18 Years in Prison

His firm's collapse wiped $100 billion in market value, prosecutors said.

Accolade Gathers $202 Million for New Blockchain Fund of Funds as Crypto Market Recovers

When many investors stopped backing crypto venture funds, Accolade Partners saw an opportunity to keep deploying capital. Now it is riding new tailwinds thanks to Donald Trump's election and the expanding adoption of crypto technologies.

Why Some Tax Cuts Can Be Better Than Others

The biggest potential payoffs for economic growth come from creating incentives for businesses to make new investments.

Fed's Bowman Sees U.S. Inflation Remaining as Prime Economic Concern

Bowman, who cast a rare dissenting vote when the Fed decided on a half-percentage-point cut in September, on Wednesday said she still thinks prices are rising too fast.

MicroStrategy Market Value Tops $100 Billion as Bitcoin Hits New High

Shares of the bitcoin holder are up 11.2% Tuesday to $427.96, continuing its rally with the stock nearly doubling since the Nov. 5 election.

Dealmakers Say Election Results Present Both Clarity and Uncertainty

Uncertainty around potential tariffs and inflation ranks high on dealmaker radars, according to panelists who spoke at the SuperReturn North America conference.

Pinnacle Acquires Strategic Stakes in Two International Firms

The Australian fund manager said it agreed to acquire a 22.5% equity stake in New York-based VSS Holdings and a 25% equity stake in London-based Pacific Asset Management.

Financial Services Roundup: Market Talk

Find insight on DNB Bank, UOB, EFG International and more in the latest Market Talks covering financial services.