Fed's Williams: New Policy Regime Will Help Fed Achieve Job, Inflation Goals

Federal Reserve Bank of New York leader John Williams said the central bank's plan to allow inflation to overshoot its 2% target to compensate for times when it is run short of that goal will help the central bank better achieve its job and inflation goals. 


 
Tesla's Share-Sale Plans Boost Bonds

Prices for Tesla's traditional bond due in 2025 reached a record 104.36 cents on the dollar Tuesday, after the electric-car maker said it would sell up to $5 billion in stock. 


 
Germany Launches Novelty Green Bond After Sweden's Debut

Germany and Sweden, two sovereigns in Europe's small pool of triple-A rated countries, launched their inaugural green bonds one day after the other. 


 
Credit-Card Providers Scramble to Update Customer Benefits as International Travel Ban Drags On

Credit-card issuers' revenue has been hit by declining consumer spending during the pandemic and its resulting economic disruption. But the card companies also are grappling with a longer term issue: keeping customers happy with rewards that suddenly look a lot less enticing, especially in the realm of travel. 


 
Fed's Barkin Says Economy Will Need Sustained Support

The labor market's recovery has been slower than anticipated because the coronavirus has been harder to contain than expected, the Richmond Fed president says. 


 
Credit Suisse Faces Enforcement Proceedings Over Spying Scandal

Switzerland's financial regulator said it had started enforcement proceedings against Credit Suisse over the physical surveillance of two bank executives last year. 


 
Zurich Insurance Accelerates Digital Offering

Zurich Insurance said it would accelerate the development of its digital services through the creation of a new unit and several executive appointments. 


 
Low Rates Needed Despite Inequality, Stability Risks, RBNZ Says

Low interest rates could widen income inequality by pushing up asset prices, but are needed to combat unemployment during the coronavirus pandemic, Reserve Bank of New Zealand Gov. Adrian Orr said. 


 
How's the Coronavirus Economy? Great or Awful, Depending on Whom You Ask

Some people are doing great, some are staying afloat for now, and others are going hungry or worried about eviction. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services