Visa Abandons Planned Acquisition of Plaid After DOJ Challenge

Visa abandoned its $5.3 billion planned acquisition of Plaid, an important competitor in the financial-technology space, in the face of a Justice Department antitrust lawsuit. 


 
Synchrony Names Brian Doubles as CEO

Mr. Doubles will remain president of Synchrony Financial, and current CEO Margaret Keane will become executive chairman. 


 
Pandemic Drives Municipal Borrowing to 10-Year High

Low interest rates and government budget woes provide the backdrop for more debt issuance, and the trend looks likely to continue. 


 
Biden Is Expected to Name Gary Gensler for SEC Chairman

President-elect Joe Biden is expected to choose Gary Gensler, a former financial regulator and Goldman Sachs executive, to head the Securities and Exchange Commission. 


 
Biden to Appoint Acting Agency Heads Due to Transition Delays

The president-elect plans to put in place career officials in dozens of positions after his inauguration. 


 
Fed Officials Signal Uncertainty About When Bond-Buying Stimulus Could Change

Some Fed officials have said the stimulus effort could stay unchanged through the year, while others say they can't make a prediction with all the unknowns surrounding how the economy recovers from the pandemic. 


 
ArcLight-Backed SPAC Connects With E-Bus Maker Proterra

The special-purpose acquisition company will use $278 million raised through an initial public offering in September as well as $415 million being raised in a private investment in public securities transaction to help finance the deal, regulatory filings show. 


 
The Dollar's Decline in Global Reserves: Fact or Fiction?

The greenback's share of foreign-exchange reserves has slipped to its lowest in almost a quarter of a century, but there are reasons to believe it will bounce back. 


 
First, the Good News on Biden's Stimulus

The implications for investors of unified government and a boost in stimulus will be mixed but initially good for stock prices. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Energy and Utilities

(END) Dow Jones Newswires

01-13-21 0015ET