Freddie Mac CEO Quits 
 

The chief executive of mortgage-finance company Freddie Mac plans to step down in January.


 
Wells Fargo Ex-CEO Settles SEC Claims, Former Consumer-Unit Head Faces Fraud Case 
 

John Stumpf agreed to pay $2.5 million to settle civil claims over his role in the bank's fake accounts scandal, while regulators sued another departed Wells executive over fraud allegations.


 
Fed's Williams Says Covid Surge Puts Question Mark On Economic Outlook 
 

The New York Fed leader said the recovery so far has been better than expected, but added that the rise of coronavirus cases puts a question over the outlook even as news of a potential vaccine suggests a solution to the crisis may be coming.


 
The World Should Watch Japan's Attempts to Save Its Struggling Banks 
 

Low, zero and negative interest rates make banking a low-profit game. Japan's attempts to get its lenders to merge and cut costs are worth paying attention to.


 
Ant Group Appoints Chief Compliance Officer as Regulatory Pressure Mounts 
 

Ant Group Co. named a new compliance chief, according to people familiar with the matter, as the Chinese financial technology behemoth prepares for tougher regulations over its fast-growing digital-lending business.


 
Mitsubishi UFJ Financial Group First-Half Net Profit Fell 34% 
 

Mitsubishi UFJ Financial Group said its first-half net profit fell 34% from a year earlier due partly to higher provisions amid the Covid-19 pandemic.


 
Financial Services Roundup: Market Talk 
 

The latest Market Talks covering Financial Services


 
Central Bank Leaders Embrace Climate Concerns as Key Policy Objective 
 

Top central bank leaders said Thursday climate-change risks are an increasingly important consideration in their thinking about their respective economies and financial systems, and that environmental concerns also are increasingly a factor in their monetary policy considerations.


 
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.

(END) Dow Jones Newswires

11-13-20 1615ET