Discover Shares Plunge on Worries About Troubled Borrowers
Shares in Discover Financial Services fell about 11% Friday after analysts raised questions about troubled borrowers in its credit-card portfolio.
American Express Expects Earnings to Rise in 2020
Fourth-quarter profit beat Wall Street's expectations and the credit-card company gave an optimistic earnings outlook for 2020. Shares rose.
Deutsche Bank Appoints Former German Foreign Minister to Board
Deutsche Bank said that it has picked Sigmar Gabriel, a former minister in German Chancellor Angela Merkel's government, to join its board, after the appointment of another nominee fell through.
U.K. Financial Regulator Gets Interim Chief Executive
The U.K government appointed Christopher Woolard as interim chief executive of its main financial regulator to replace Andrew Bailey, who's leaving to become governor of the Bank of England.
Fed Adds $55.3 Billion in Weekend Liquidity
The New York Fed intervened in financial markets with a $55.3 billion weekend repurchase agreement, or repo, adding to the temporary amount of liquidity the central bank has pumped into the financial system.
Switzerland Bans Unnamed Former Bank CEO Over Insider Trading
The Swiss Financial Market Supervisory Authority said the chief executive used information received on the job and shared inside information with others for share trades, breaking internal rules and supervisory law.
Tiger Global Raises $3.75 Billion Venture Fund
The fund raise signifies investors' continued hunger for yield in a low-interest-rate environment and their belief that exposure to private technology continues to be a good investment
KKR to Take Axel Springer Private
Axel Springer is going private in a deal led by KKR, which owns around 45% of the German media giant.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
JPMorgan CEO Jamie Dimon's Compensation Rises to $31.5 Million
JPMorgan Chase paid its chief executive, James Dimon, $31.5 million for his work in 2019, a 1.6% boost, as the bank set fresh records in profit and stock price.