ECB Signals Further Stimulus Ahead
The European Central Bank intends to scale up its support of the eurozone's economy in December, seeking to cushion the region from fallout of a new wave of coronavirus infections that threatens the currency area anew.
Fannie Mae, Freddie Mac Third-Quarter Earnings Rise on Mortgage Refinance Boom
The government-controlled mortgage giants reported improved earnings in the third quarter, as record-low interest rates fueled a refinancing boom that buoyed the companies' results.
Leon Black Offers More Details on Ties to Jeffrey Epstein
Leon Black, the billionaire chief executive of Apollo Global Management, offered his most detailed public account yet of his ties to the late financier Jeffrey Epstein, a relationship that sparked renewed concern recently among his firm's shareholders and fund investors.
Carlyle Earnings Climb on Strong Growth in U.S., Asia
Carlyle Group's third-quarter earnings jumped as the value of investments in some of the firm's U.S. and Asia buyout funds posted strong appreciation.
Credit Suisse Targets Share Buybacks Despite Earnings Miss
Swiss lender Credit Suisse Group said it would restart buying back shares next year as its capital base strengthened despite lower-than-expected third-quarter earnings.
Bets on Biden-Led Stimulus Fuel Outperformance by Small Stocks
Small stocks are outpacing larger companies by the greatest amount in years so far this month, underscoring investors' bets on Democrats gaining control in Washington and ramping up spending to support the economy.
Lloyds 3Q Beat Views on Pretax Profit, Net Income, Impairments
Lloyds reported a significant rise in profit for the third quarter of the year, beating market views on net income and impairments for the period.
Standard Chartered's Pretax Underlying Profit Falls 40%
Standard Chartered's third-quarter pretax underlying profit slumped 40%, as credit impairments continued to rise sharply due to the pandemic, albeit at a slower pace than in previous quarters.
O'Brien-Staley Partners Raises $550 Million for Third Fund
CEO Jerry O'Brien sees the coming years as an opportune moment to invest in "unloved" loans, given the economic dislocation caused by the coronavirus pandemic.
Accel-KKR Closes First Small-Cap Fund
After wrapping up fundraising for Accel-KKR Emerging Buyout Partners LP fund at its hard cap of $640 million, the firm is armed with capital to invest in software and technology companies smaller than it would back through its flagship funds.
(END) Dow Jones Newswires
10-29-20 1615ET
