With Brexit Looming, U.K. Picks Veteran as Central Bank Chief
The British government named Andrew Bailey as the next governor of the Bank of England, an appointment seen as a cautious choice for a role that will be critical in guiding the economy as the U.K. leaves the European Union.
Adams Street Closes on $740 Million for Partnership Fund
The final tally for the Chicago-based firm's latest fund of funds caps off a busy fundraising year that brought in more than $2.5 billion
BBVA to Take U.S. Goodwill Hit
BBVA said it will need to take a potential negative goodwill adjustment of about $1.5 billion at its U.S. unit, but added the figure won't effect the group's net equity, capital or liquidity.
Fed Adds $26.7 Billion in Liquidity to Markets
The New York Fed added $26.7 billion in temporary liquidity to financial markets via a three-day repurchase agreement, with eligible banks tapping far less than what the central bank was willing to provide.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Goldman Sachs in Talks to Admit Guilt, Pay Fine to Settle 1MDB Probe
Goldman Sachs is in talks with the U.S. government to pay a multibillion-dollar fine, admit guilt and agree to continuing oversight of its compliance procedures in order to resolve a criminal investigation into its role in a Malaysian corruption scandal.
Robinhood Settles Claims It Didn't Ensure Best Prices for Customer Trades
The online brokerage that has targeted millennials with commission-free trades agreed to pay $1.25 million to settle the claims.
Sweden's U-Turn on Rates Sends Bond Yields Higher
European government bond yields rallied after Sweden's exit from negative interest rates prompted speculation that the Nordic country's experience may deter other central banks from dropping borrowing costs below zero.
Fed's Bullard Sees No Reason Now to Change Rates in 2020
St. Louis Fed President James Bullard, one of the strongest advocates of lowering interest rates in 2019 is content to keep them steady for now.
BlackRock in Talks to Cancel Option to Take Over iCapital
BlackRock previously locked in the right to take over financial technology firm iCapital Network. The money management giant is now in talks to undo that deal.