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News Highlights: Top Financial Services News of the Day

09/14/2022 | 12:16am EST
U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter 
 

The outflows will fuel a debate about how the Fed's inflation-calming moves are going to play out in the banking system.

 
Inflation Report Keeps Fed on Aggressive Rate-Rise Path 
 

Another large jump in underlying prices squashes hopes for a slower pace of interest-rate increases.

 
Former Disney CEO Iger to Join Venture Firm Thrive Capital 
 

Joining Thrive Capital as a venture partner, Robert Iger will advise on day-to-day initiatives, including mentoring startup founders and identifying new investment opportunities.

 
Portfolio managers are 'super bearish' with cash holdings highest since 9/11, Bank of America says 
 

Global managers have upped their cash balances and are backing off stocks amid fears of a sticky inflation and global recession caused by aggressive central banks.

 
KKR Makes Piece of PE Fund Available on Public Blockchain 
 

The tokenized fund will allow individuals to invest smaller amounts than would be required of institutions.

 
UBS Lifts Dividend, To Top Buyback Target 
 

UBS said it will raise the dividend for 2022 by 10% and expects share repurchases for the year to exceed its $5 billion goal.

 
DBS Sets New Targets to Decarbonize its Portfolio 
 

Singapore's DBS Group Holdings has set new climate targets for the most carbon-intensive segments that it finances, as banks come under increased pressure to decarbonize their portfolios.

 
Financial Services Roundup: Market Talk 
 

Find insight on the pitch from Carbon Fund Advisors, Deutsche Boerse's guidance, and more, in the latest Market Talks covering Financial Services

 
Fidelity Weighs Bitcoin Trading on Brokerage Platform 
 

The financial-services firm is weighing a plan to allow individual investors to trade bitcoin on its brokerage platform.

 
Wells Fargo to Pay $145 Million to Settle 401(k) Plan Probe 
 

The Labor Department alleged that the bank's retirement plan overpaid for its own stock from 2013 through 2018. Wells Fargo, which disagreed with the allegations, said resolving the matter is in its best interest.


(END) Dow Jones Newswires

09-14-22 0015ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.28% 0.67914 Delayed Quote.-6.20%
BANK OF AMERICA CORPORATION -1.29% 36.08 Delayed Quote.-18.90%
BITCOIN (BTC/EUR) 0.60% 16224.5 End-of-day quote.-61.40%
BITCOIN (BTC/USD) 0.68% 17094.5 End-of-day quote.-64.19%
BRITISH POUND / US DOLLAR (GBP/USD) 0.23% 1.22858 Delayed Quote.-9.40%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.31% 0.7419 Delayed Quote.-5.91%
DBS GROUP HOLDINGS LTD -1.37% 34.47 Delayed Quote.7.01%
EURO / US DOLLAR (EUR/USD) 0.05% 1.05325 Delayed Quote.-7.41%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.11% 0.012297 Delayed Quote.-8.26%
KKR & CO. INC. -0.57% 52.25 Delayed Quote.-29.87%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.63% 0.64084 Delayed Quote.-6.84%
TOP FINANCIAL GROUP LIMITED 2.96% 4.87 Delayed Quote.0.00%
WALT DISNEY COMPANY (THE) 0.85% 99.43 Delayed Quote.-35.81%
WELLS FARGO & COMPANY -1.98% 45.94 Delayed Quote.-4.25%
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