U.S. Treasury to Moderate Pace of Government Borrowing

The Treasury Department will continue to shift government financing to longer-dated maturities over the coming quarter, but at a more moderate pace than earlier this year, as the government faces uncertain and potentially sizable borrowing needs as a result of the pandemic. 


 
Credit Agricole Profit Beats Forecasts

Credit Agricole's net profit fell less than expected in the third quarter despite the impact of provisions for potential credit losses, with the French bank boosted by a 27% rise in its fixed-income operations. 


 
Swiss Life to Resume Buybacks as Fee Income Rises

Swiss Life reported a rise in nine-month fee income to CHF1.40 billion, confirmed financial targets as part of its 2021 plan and said it would resume buybacks next year. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Election Day Means Sitting Tight for Some Young Traders

These individual investors are confronting one of the most extraordinary presidential elections in U.S. history. 


 
JPMorgan Faces Possible Fine Related to Internal Controls

The bank said the potential fine was related to issues with "internal controls and internal audit over certain advisory and other activities." 


 
Prudential Posts Profit Increase of Almost 5%

Prudential, one of the largest U.S. insurers, kicked off insurance earnings this week. The company is often seen as the bellwether for the quarter's insurance-industry performance. 


 
Hedge-Fund Manager Crispin Odey to Step Down From Running His Firm

The embattled founder of one of Europe's best-known hedge-fund firms will focus solely on managing money instead. 


 
Wirecard Probe Criticizes Germany's Financial Supervisor

Europe's top markets watchdog said it found a series of problems with Germany's regulatory oversight and handling of Wirecard, the fintech darling that collapsed amid allegations of fraud. 


 
BNP Paribas Profit Steady as Trading Booms

The French bank's net profit held steady in the third quarter as income from trading securities offset a decline in retail banking earnings.

(END) Dow Jones Newswires

11-04-20 1115ET