Think Tank Urges Financial Sector Action on Cyber Threats

Despite decades of heavy investment in cybersecurity, the global financial system remains vulnerable to cyberattack because banks and regulators fail to coordinate their activities, a report from a leading think tank said Wednesday. 


 
Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves

The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants' exit from 12 years of government control but has yet to reach an agreement he needs with Treasury Secretary Steven Mnuchin, according to people familiar with the matter. 


 
Mnuchin Plans to Discuss 'Targeted' Aid Bill Friday With McConnell, Meadows, McCarthy

Treasury Secretary Steven Mnuchin on Friday defended his decision not to extend funding for several Federal Reserve lending facilities, calling on Congress to reappropriate the nearly $500 billion to help small businesses and unemployed workers. 


 
Swiss Re Confident on Prospects

Swiss Re said it was optimistic on its outlook, with positive momentum in the reinsurer's underlying earnings power and declining Covid-19 exposures going forward. 


 
Sage Drops After Results, Margins a Concern

Sage shares fell sharply after the accountancy-software firm reported lower annual organic operating profit and margins as part of its full-year results. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Two Fed Officials Voice Concern on Economy as Virus Cases Surge

"The fact that we don't have a fiscal package is very concerning," Cleveland Fed leader Loretta Mester said. 


 
Biden Says He Has Picked Nominee to Lead Treasury Department

President-elect Joe Biden said his nominee to lead the Treasury Department would be 'someone who will be accepted by all elements of the Democratic Party, from progressive to moderate.' 


 
Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

The Verafin acquisition would be New York-based Nasdaq's largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology. 


 
EQT Launches Second Fund Subscription Line Tied to ESG

The firm has negotiated a EUR2.7 billion ($3.2 billion) fund-subscription credit facility that links performance on certain environmental, social and governance issues to more favorable interest rates for EQT infrastructure funds using the facility.

(END) Dow Jones Newswires

11-20-20 1115ET