Fed Likely to Hold Rates Steady After Busy Year
Federal Reserve officials are likely to hold their benchmark interest rate steady after their two-day meeting concludes Wednesday and aren't expected to make notable changes to their wait-and-see posture on more rate reductions.
Credit Suisse Cuts Profit Targets
Credit Suisse warned that its return on tangible equity, a key measure of profitability, would be less than previously forecast for 2019 and 2020, as the bank faces challenging market conditions.
HSBC Swiss Unit to Pay $192 Million to Settle U.S. Tax Case
A Switzerland-based HSBC unit admitted to helping Americans evade taxes over a decade and agreed to pay $192 million to settle criminal charges.
Carlyle Group Widens Fertility Benefits for Employees
Carlyle Group is broadening coverage of fertility services and infertility treatments for employees, including for singles or same-sex partners, according to an internal employee memo.
U.S. Anti-Money-Laundering Chief Calls for Beneficial Ownership Registry
A lack of information about who owns and controls businesses incorporated in the U.S. is creating a "dangerous and widening gap" in the country's national security apparatus, the director of Treasury's anti-money-laundering watchdog said.
Starboard Value Has Nominated Majority Board Slate at Mednax
Activist investor Starboard Value has privately nominated a majority slate of directors at Mednax and is pushing the health-care-services company to sell all or part of itself.
New York Life in Talks to Buy Cigna Unit for Up to $6 Billion
New York Life is negotiating with Cigna to acquire a unit that sells life, accident and disability-income insurance to employers.
Deutsche Bank Cites Progress in Turnaround
The German lender said it is making progress cutting costs and stabilizing businesses weakened from revenue declines in its effort to convince investors that an ambitious five-month-old reorganization is on track.
Goldman Taps Startup to Explore Quantum Computing
The bank has teamed up with a quantum-computing startup to explore how the nascent technology could be used to speed up financial calculations and artificial-intelligence-based decision making.
Fannie Mae and Freddie Mac Curb Some Loans as Regulator Reins In Risk
Fannie Mae and Freddie Mac are pulling back on some mortgages meant to make homeownership more affordable, their latest effort to rein in risk at the behest of their regulator.