Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

News Highlights: Top Financial Services News of the Day

10/08/2020 | 04:16pm EDT
Morgan Stanley to Acquire Eaton Vance for $7 Billion 
 

The bank is buying fund manager Eaton Vance just days after completing its takeover of discount broker E*Trade Financial, continuing its shift away from trading toward steadier, simpler businesses like money management.

 
Bank of Canada Governor Says Pandemic-Related Stimulus Will Add to Vulnerabilities 
 

The extraordinary fiscal and monetary stimulus introduced to support the Canadian economy during the coronavirus pandemic will make it more vulnerable to future shocks, Bank of Canada Governor Tiff Macklem said in a speech Thursday.

 
Fed's George: Economy Has Recovered More Quickly Than Expected 
 

Kansas City Fed leader Esther George said considerable risk remains over the economic outlook.

 
Banks' Arctic Financing Retreat Rattles Oil Industry 
 

Defenders of the oil-and-gas industry are fighting back against banks who want to stop financing new Arctic-drilling projects, fearing it could be a harbinger of an unbankable future for fossil-fuel companies.

 
Where Trump and Biden Stand on Mortgage Finance 
 

The Republican president and his Democratic challenger have divergent views on the U.S. government's role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans.

 
Wells Fargo CEO Finds Himself on Defense After a Tough First Year 
 

A long list of challenges confronted Wells Fargo Chief Executive Charles Scharf when he was brought in to restore the bank's tarnished reputation. In the year since, his problems have only multiplied.

 
Insurance Executive Ordered to Prison on Seven-Year Sentence 
 

Authorities said Greg Lindberg must report to federal prison on Oct. 20 to begin serving his sentence for attempted bribery of North Carolina's elected insurance commissioner, according to a court filing.

 
Chinese Fintech Company Lufax Plans U.S. IPO 
 

Even as some Chinese companies are opting to sell stock closer to home, Lufax plans to raise about $3 billion from a U.S. initial public offering, a person familiar with the situation said.

 
JPMorgan Unveils Push to Bridge Racial Wealth Gap 
 

America's largest bank is focusing on expanding access to affordable housing and boosting minority-owned small businesses.

 
Startup CFOs Get Some Help From Counterparts at Venture Funds 
 

Finance chiefs at some startups are turning to their venture-fund counterparts for guidance during the coronavirus pandemic, which for some executives triggered the first economic crisis in their professional lives.

(END) Dow Jones Newswires

10-08-20 1615ET

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.03% 0.7895 Delayed Quote.0.57%
JPMORGAN CHASE & CO. 1.15% 163.04 Delayed Quote.26.84%
LONDON BRENT OIL 0.94% 78.01 Delayed Quote.49.38%
MORGAN STANLEY -0.62% 102.91 Delayed Quote.50.17%
WELLS FARGO & COMPANY 0.25% 47.92 Delayed Quote.58.78%
WTI 0.93% 73.961 Delayed Quote.52.07%
Latest news "Economy & Forex"
05:23aCryptocurrency exchange Huobi to clean up existing mainland clients by end-2021
RE
05:00aChina's Geely to set up 5,000 battery swapping stations by 2025
RE
04:54aBrexit threats not helpful in solving N.Ireland problems, says EU
RE
04:44aBehave normally, UK transport minister tells Britons queuing for fuel
RE
04:32aCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : Beijing sees best air quality in first eight months
PU
03:54aChinese tech execs support 'common prosperity', helping SMEs at internet summit
RE
03:31aChina Aug new local special bond issuance at 488.4 bln yuan
RE
02:22aXINJIANG'S ETHNIC MINORITY POPULATION TO MAINTAIN STEADY GROWTH : white paper
PU
02:22aXINJIANG'S POPULATION GROWTH HIGHER THAN NATIONAL AVERAGE : white paper
PU
02:20aGermans vote in close election to decide Merkel successor
RE
Latest news "Economy & Forex"