Banks Can't Blacklist Entire Industries Under New Rule
The new regulation from the Office of the Comptroller of the Currency comes in response to complaints from oil-and-gas businesses.
James Simons Steps Down as Renaissance Chairman
The investing pioneer is stepping back from his highly successful quant hedge fund.
BlackRock Profit Rises 19% as Assets Surge to $8.7 Trillion
The investment company's quarterly profit rose 19% as investors turned to the money-management giant's funds through November's election uncertainty, vaccine breakthroughs and a year-end rally.
Chinese Investors Pour Billions Into Stocks on U.S. Blacklist
Buyers using the Stock Connect trading link have snapped up the equivalent of a net $15.8 billion in Hong Kong shares this year.
Bank Earnings Expected to Show a Messy Quarter
When lenders start reporting fourth-quarter earnings this week, investors will want to know if they should expect another whiplash kind of year.
Defense Act Expands Scope of Foreign Bank Records U.S. Authorities Can Obtain
U.S. authorities have more power to obtain documents from foreign banks with U.S. correspondent accounts under recently passed defense-policy legislation.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
IMF Paper Flags Hurdles for Central Bank Digital Money Adoption
"Close to 80% of the world's central banks are either not allowed to issue a digital currency under their existing laws, or the legal framework is not clear," an IMF web post says.
Justices Say Chicago Can Keep Impounded Cars After Owners File Bankruptcy
The city of Chicago can keep cars impounded over unpaid tickets even if the vehicle owner files for bankruptcy, the U.S. Supreme Court said.
Jane Fraser Puts Mark on Citigroup With Overhaul of Wealth Businesses
A new unit is being created, combining its high-end private bank for the ultrarich with its wealth-management offerings for the less affluent.
(END) Dow Jones Newswires
01-15-21 0015ET
