Author: Marcus Reed

Wall Street's mood swings are Marcus's daily beat, from rate decisions to the private credit boom nobody outside the industry seems to fully understand yet. He spent three years at a mid-size investment bank before switching sides to writing about it, which he jokes gives him "trust issues in both directions." New York born and raised, he's a regular at his neighborhood chess club and insists the game has made him a sharper interviewer. His reporting leans heavily on primary documents over press releases.

China Unveils $54 Billion Capital Boost for State Banks and Insurers to Strengthen Financial Stability

Finance

China is preparing a major capital injection into state-owned banks and insurers, with the finance ministry set to provide a combined $54 billion as Beijing moves to reinforce the resilience of the country’s financial system. China Life Insurance (Group) Co, the nation’s largest life insurer, said it would receive 35 billion yuan ($5.2 billion) from the Ministry of Finance. China Taiping Insurance Group is also set to receive 7 billion yuan, according to statements issued by the two companies on Sunday. People’s Insurance Company (Group) of China separately announced plans to raise as much as 15 billion yuan through a…

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