Deposit Interest 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. 


 
New Rule Complicates Private Equity's ESG Push

The Labor Department has restricted some U.S. retirement plans from considering environmental or social factors in selecting investments, potentially hampering one of the fastest-growing segments of the private-equity industry. 


 
Goldman Sachs's 60 New Partners Are the Happiest People on Wall Street Today

The group is marginally more diverse than in past years and heavier on coders, but still dominated by traders and deal makers. 


 
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. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
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.

(END) Dow Jones Newswires

11-12-20 1615ET