Fed Says All 12 Regional Bank Presidents Approved for New Terms

The presidents and their current seconds-in-command will get another five-year stint. 


 
Fidelity Personal-Investing President Kathleen Murphy to Retire in 2021

For more than a dozen years, she led a business that now oversees $3.6 trillion in assets. 


 
Hedge Funds' Bets on Fannie and Freddie Cause Pain

Continued uncertainty over the future of Fannie Mae and Freddie Mac has inflicted pain on hedge funds, which have been wagering for years that the mortgage-finance giants would be put on a path to returning to private hands. 


 
Vatican Bank's Ex-President Convicted of Embezzlement, Money Laundering

A Vatican court found the former bank official guilty of embezzlement and money laundering during the pontificates of St. John Paul and Pope Benedict XVI. 


 
Bank Heavyweights Help Financial ETF Set Record

Flows of $3.6 billion so far in January into the Financial Select Sector SPDR exchange-traded fund already exceed every full-month total since November 2016. 


 
Britain's IG Group to Buy U.S. Options Firm Tastytrade for $1 Billion

The deal, which would substantially increase IG's presence in the U.S. market. is a bid to capitalize on the boom in options trading by small investors. 


 
Medical-Technology Startups Post Strong Year for IPOs, Acquisitions

Acquisitions and initial public offerings of venture-backed medical-device companies surged in 2020 as entrepreneurs capitalized on rising interest in health-care technologies. 


 
Chinese Telecom Carriers Ask NYSE to Make Another U-Turn on Delisting

China Mobile, China Unicom (Hong Kong) and China Telecom filed requests asking the NYSE to reverse its decision to delist their American depositary receipts. 


 
Home-Financing Startup Knock Names First CFO

Home-financing startup Knock hired its first finance chief to set its house in order as it looks to expand into dozens of markets amid strong demand for housing in the U.S. 


 
IG Group Proposes to Buy Tastytrade for $1 Bln

IG said that it has proposed to acquire the U.S. online brokerage and trading-education platform Tastytrade for a total consideration of $1 billion, comprising $300 million in cash and the issuance of 61 million of IG shares valued at $700 million.

(END) Dow Jones Newswires

01-22-21 0015ET