FHLBanks Help 'Derisk the System,' Official Says, Amid Call for Change
The Federal Home Loan Bank System shouldn't be the lender of last resort, its regulator says.
Goolsbee says it's too soon to determine when Fed will cut interest rates
Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year "if we continue to make surprising progress on inflation."
Travelers Stock Pops After Earnings Beat
Core earnings of $7.01 a share beat Wall Street estimates of $5.10 a share.
ICBC Fined $32 Million by New York's Financial Regulator and Fed for Compliance Failures
Industrial & Commercial Bank of China will pay about $32 million to resolve investigations into alleged compliance problems at the bank's New York branch.
An Unusual Alliance Pushes Back on Fed's Bank Capital Plan
Some civil-rights groups and Democratic lawmakers have raised concerns about the proposal.
Bain Capital Closes $1 Billion Midmarket Credit Fund
The asset manager plans to use its new debt vehicle to back companies earning $25 million to $75 million.
AI Is the Talk of Davos. Is It Time to Sell?
The truly crazy bubble phase is over, but the investment case remains complex.
Financial Services Roundup: Market Talk
Find insight on mortgage borrowing in Canada, U.S. pending home sales, Travelers Cos., and more in the latest Market Talks covering Financial Services.
The $8.8 Trillion Cash Pile That Has Stock-Market Bulls Salivating
Wall Street hopes trillions in money-market funds will flow into stocks and bonds. Investors have varying plans.
Laundromats and VPNs: How China's Crypto Traders Evade the Rules
The secretive methods being used in the country show how difficult it will be for regulators across the world, including in the U.S., to police the sector.
(END) Dow Jones Newswires
01-19-24 1615ET
