China is strengthening efforts to encourage direct financing of companies in a financial system that’s long been dominated by banks, as the private sector struggles with access to credit.

A controversial type of cryptocurrency is gaining in popularity among some small merchants operating in the shadows of mainstream commerce.

Qudian Inc. allegedly misled investors about the risks regulatory changes posed or the resultant increase in loan delinquency rates, according to a Wednesday complaint in New York federal district court.

Florida-based investment firm TCA Fund Management Group Corp. is shutting its main credit hedge fund after the Securities and Exchange Commission probed its accounting and customers moved to withdraw their money.

Propex Derivatives Pty. agreed to pay a $1 million fine to the U.S. government under a plea agreement, after a former trader at the Australian firm admitted to unlawful transactions in futures contracts on the Chicago Mercantile Exchange.

Louisiana has agreed to let Goldman Sachs & Co. out of its lawsuit alleging manipulation of the $550 billion market for bonds backed by Fannie Mae and Freddie Mac, on the understanding that the state is entitled to part of an earlier settlement resolving parallel claims.