Citadel Securities to Buy NYSE Market-Making Unit of IMC
The electronic trading giant will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said.
Morgan Stanley to Acquire Eaton Vance for $7 Billion
The bank is buying fund manager Eaton Vance just days after completing its takeover of discount broker E*Trade Financial, continuing its shift away from trading toward steadier, simpler businesses like money management.
SoftBank-Backed Greensill Looks to Raise Fresh Capital
The supply-chain finance company said demand is booming for its financing tools during the pandemic, but it is also facing client defaults, regulatory scrutiny and loosening ties from partner firms.
Bank of Canada Governor Says Pandemic-Related Stimulus Will Add to Vulnerabilities
The extraordinary fiscal and monetary stimulus introduced to support the Canadian economy during the coronavirus pandemic will make it more vulnerable to future shocks, Bank of Canada Governor Tiff Macklem said in a speech Thursday.
Fed's George: Economy Has Recovered More Quickly Than Expected
Kansas City Fed leader Esther George said considerable risk remains over the economic outlook.
Banks' Arctic Financing Retreat Rattles Oil Industry
Defenders of the oil-and-gas industry are fighting back against banks who want to stop financing new Arctic-drilling projects, fearing it could be a harbinger of an unbankable future for fossil-fuel companies.
U.S. Sanctions Additional Iranian Banks
The Iranian banks had remain unsanctioned under the U.S. pressure campaign.
Australia's Financial System Strong But Faces Elevated Risks, RBA Says
Australian banks have strong capital buffers, but face the prospect of a sharp rise in loan defaults as mortgage deferrals and government income support for workers and firms ends in the coming months, the Reserve Bank of Australia said.
Bank of Mexico Board Divided on Future of Rate Cuts
The Bank of Mexico's board members all agreed last month to slow down the pace of interest-rate cuts, but they differed on whether the bank should pause in its yearlong easing cycle, minutes from the meeting showed Thursday.
Where Trump and Biden Stand on Mortgage Finance
The Republican president and his Democratic challenger have divergent views on the U.S. government's role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans.
(END) Dow Jones Newswires
10-09-20 0015ET
