U.S. Banks Are Pulling More Assets From London
London's standing as the one-stop shop for American banks doing business in Europe is slipping, as lenders speed up movement of people and assets from the U.K. to the continent before a Brexit transition period ends Dec. 31.
Tokyo Stock Exchange Sets Restart After Daylong Shutdown
The Tokyo Stock Exchange said it would resume normal trading Friday after an unprecedented all-day shutdown Thursday that executives blamed on a malfunctioning computer part.
Secretive High-Speed Trading Firm Hits Jackpot With TikTok
Susquehanna International Group is sitting on a stake in the app's owner, Beijing-based ByteDance, that could be worth more than $15 billion.
Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity
A pair of insurance companies made a bid for American Equity Investment Life Holding last month, in a bet that the small Iowa insurer's retirement-income products will continue to be popular with conservative savers.
ECB Steps Up Support for Credit Markets
The European Central Bank is ramping up its corporate-bond purchases, increasing its support for the region's companies as weaker economic data weigh on credit markets.
Former Airbnb Marketing Chief Jonathan Mildenhall Joins Banking Startup Dave
Jonathan Mildenhall, who has held senior marketing roles at Coca-Cola and Airbnb, will lead marketing for less well-known banking upstart Dave Inc.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
New Jersey Pension Plans $600 Million for Separately Managed Accounts
The New Jersey State Investment Council is pledging $500 million for co-investments to BlackRock Private Equity Partners and Neuberger Berman.
Brett Icahn to Rejoin His Father's Firm
Carl Icahn will remain in charge of Icahn Enterprises for now, but the company will adopt a plan for his son Brett to succeed him as chairman and chief executive of its investment segment within seven years.
Allstate to Lay Off 3,800 Employees
One of the U.S.'s largest insurers said it plans to lay off about 8% of its approximately 46,000 workers.
(END) Dow Jones Newswires