Fed's Rosengren Calls for More Fiscal, Monetary Support to Aid Recovery
The Boston Fed leader said resurgent coronavirus infections call for continued action by the government and central bank, even as he warned that extended periods of low interest rates can eventually bring trouble.
Negative Bond Yields Point to Greece's Economic Progress
A rally in short-dated Greek government bonds sent their yield below zero for the first time, marking a significant turnaround in investors' perceptions of Europe's willingness to support its most indebted country.
Japan Pushes Regional Banks to Merge With Interest-Rate Carrot
The Bank of Japan said it would support consolidation and cost-cutting at regional banks by giving them extra interest on their deposits at the central bank, a move that analysts said would advance Prime Minister Yoshihide Suga's push to restructure the nation's banking system.
Biden's Election Win Was a Big Bet for These Wall Street Executives
Joe Biden's backers in the financial industry are likely to seek influence in the administration but probably won't have the close access enjoyed by the coterie of financiers who had the ear of President Trump.
In NYC's Financial District, Killing Time May Be the Hardest Job of All
With most office employees still working from home, area vendors, security guards and business owners spend days reading, watching TV, napping or learning new skills: balloon garlands, anyone?
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Popular Trading Platforms Have Technical Difficulties as Stocks Surge
Charles Schwab and TD Ameritrade were among companies saying customers experienced problems. Several platforms cited extreme trading volumes as investors rushed to buy and sell shares.
Bank of Japan to Introduce Special Deposit Facility to Support Regional Banks
The Bank of Japan said that it would introduce a new deposit facility to support regional banks, whose profits have been hurt by Japan's longtime low-interest-rate policy.
Fed's Mester: Rise of Fintech Will Need Significant Regulatory Response
The rise of new financial technologies will call for new approaches to regulation, Federal Reserve Bank of Cleveland President Loretta Mester said Monday.
Vaccine Jolts Markets in a Way Biden and Trump Couldn't
The U.S. presidential race mattered for investors but other things matter more, especially the Federal Reserve and the prospects of Covid-19 vaccine candidates.
(END) Dow Jones Newswires