Deposit Rates Are Taking a Pandemic Nosedive 
 

Even banks that normally tout high deposit rates, like Ally and Marcus, are slashing what they are willing to pay, but customers don't seem to care.


 
Generali Posts Operating Profit Rise 
 

Generali posted a 2.3% rise in 9-month operating profit, as a strong performance in its asset-management business and property and casualty operations offset a decline in the life segment, but its net profit fell 40% on impairments.


 
Kodak Says Ex-Executives Sold Stock Options They Didn't Own 
 

Eastman Kodak said five former executives were able to collect millions of dollars by selling stock options they didn't own, an admission set to add to scrutiny the company faces over the circumstances surrounding a halted U.S. loan.


 
Biden Transition Chief Proposed Limiting Size of Biggest U.S. Banks 
 

Ted Kaufman, former chief of staff to the president-elect, will have a voice in choosing financial regulators.


 
JPMorgan Taps Goldman Banker to Head Asia Real-Estate Investment Banking 
 

JPMorgan Chase has tapped Goldman Sachs Group banker Rita Chan to head its real-estate investment banking for Asia excluding Japan.


 
What Biden's Election Means for the Fed 
 

Joe Biden's election is likely to have little immediate effect on the Federal Reserve's interest-rate policy, but the new administration's personnel appointments and fiscal policies could reshape the central bank over the coming years.


 
GE Disbands Corporate Audit Program 
 

General Electric is disbanding its Corporate Audit Staff program, a rigorous multiyear rotation through various divisions that the conglomerate has long used to groom future leaders.


 
Banks in Europe Face Potential $1.7 Trillion Covid-19 Cliff 
 

European banks say they are doing just fine during the coronavirus pandemic. But regulators and bank executives are concerned about the elephant in the room: a wave of bad loans that could overwhelm lenders when government rescue packages end.


 
With Ant IPO in Limbo, Funds Let Investors Cash Out 
 

Funds that touted access to Ant's blockbuster share sale will let investors cash out early, following a social-media outcry after the financial-technology giant's listing was abruptly halted by Chinese regulators.


 
ABN AMRO Cuts Impairment View After Profit Beat 
 

ABN AMRO reported a market-beating third quarter net profit after booking lower impairments, and trimmed its total write-off forecast to EUR2.5 billion for the year.

(END) Dow Jones Newswires

11-12-20 0715ET