News Highlights: Top Financial Services News of the Day

11/29/17 04:15 PM EST
Nasdaq Plans to Launch Bitcoin Futures in First Half 2018 
 

Nasdaq and broker Cantor Fitzgerald are looking to join the rush on Wall Street to trade bitcoin, which powered above $11,000.

 
Wells Fargo Is Dubbed a Repeat Offender and Faces New Wrath From Its Regulator 
 

A federal regulator has advised Wells Fargo's board that it is weighing a formal enforcement action against the bank over improprieties in its auto insurance and mortgage operations.

 
Heads Roll at LSE and the Timing Is Terrible 
 

The fight to keep Xavier Rolet as chief executive of the London Stock Exchange is over, but that doesn't mean its problems are too.

 
A Day in the Life of Bitcoin: From $10,000 to $11,500 - and Back 
 

Bitcoin soared and then tumbled as volatility in the digital currency picked up, with the price of bitcoin dropping below $9,500 just hours after it broke through $10,000 and $11,000 for the first time.

 
SEC Nominees Face Delay as Democratic Senator Puts Up Roadblock 
 

A Democratic senator says she won't agree to quickly confirm two nominees to the Securities and Exchange Commission until they outline their views on whether regulators should rein in activist investors, stock buybacks and executive pay.

 
Royal Bank of Canada Beats Estimates, But Tech Spending Weighs on Results 
 

Higher technology spending weighed on Royal Bank of Canada's fiscal fourth-quarter earnings, as Canada's largest bank by market capitalization continues to pour money into artificial intelligence, mobile banking and cybersecurity.

 
Trump Team to Recommend Keeping Dodd-Frank Liquidation Power 
 

The Trump administration doesn't plan to recommend stripping regulators of their power to seize and unwind a failing financial firm in a crisis, according to people familiar with the matter, a development likely to make defenders of the 2010 Dodd-Frank financial law breathe a sigh of relief.

 
Yellen Says Fed Will Continue Path of Gradual Rate Increases 
 

Federal Reserve Chairwoman Janet Yellen said the U.S. central bank would continue with its path of gradual increases in short-term interest rates because the economy is performing mostly in line with its expectations.

 
Dudley Says Fed Has Started Thinking About Official Digital Currency 
 

New York Fed President William Dudley said the U.S. central bank is beginning to explore whether it could adopt its own digital currency, in an appearance at Rutgers University where he also expressed optimism about the economy.

 
Fidelity Customers Blocked from Accounts by 'Tech Issue' on Website 
 

A technical error at Fidelity Investments on Wednesday morning blocked millions of customers from their online brokerage accounts.

 
 

(END) Dow Jones Newswires

November 29, 2017 16:15 ET (21:15 GMT)

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