News Highlights: Top Financial Services News of the Day

12/01/17 07:15 AM EST
Fed's Dudley Sees No Need for Fiscal Stimulus 

New York Fed President William Dudley said that he sees a "reasonable case" to raise short-term interest rates next month and that any new fiscal stimulus approved by lawmakers in Washington could shape the central bank's expectations for additional rate increases next year.

Transcript: WSJ Interview With New York Fed President William Dudley 

New York Fed President William Dudley discussed the state of the economy, the likely path of interest rates, asset values and financial regulation.

What You Need to Know About Fed Nominee Marvin Goodfriend's Views 

Marvin Goodfriend, the Carnegie Mellon economist nominated by President Donald Trump for a seat on the Federal Reserve's board of governors, has a long and distinguished academic career likely to please Capitol Hill Republicans.

Export-Import Bank on Track to Be a Drain on Taxpayers Next Year 

U.S. taxpayers could be on the hook starting next year for operating expenses at the Export-Import Bank, a trade-finance agency that can't generate enough revenue because its leadership is in limbo due to congressional inaction.

Carlyle Paring Its Stake In Bond Manager TCW Group 

Carlyle Group LP said it agreed to sell a stake in bond manager TCW Group Inc. to Japan's Nippon Life Insurance Co.

Trump to Nominate Jelena McWilliams as FDIC Chief 

President Donald Trump will nominate regional bank executive Jelena McWilliams to lead the Federal Deposit Insurance Corp., the White House said.

Fed Official Steps Up Concern Over Bitcoin 

Digital currencies such as bitcoin may not be secure enough for widespread public use, Federal Reserve official Randal Quarles said, stepping up the agency's concern over the highflying virtual currency.

Fed's Kaplan Supports Rate Increase in 'Near Future' 

Federal Reserve Bank of Dallas President Robert Kaplan said Thursday he thinks a rate increase in the "near future" would be wise, citing a low U.S. jobless rate and the likelihood of further labor-market tightening next year.

Credit Suisse Decides the Best Target Is One You Can Hit 

Tidjane Thiam has learned to be a little more cautious since he took the reins at Credit Suisse. The Swiss bank's CEO set fresh profit and payout goals its investor day, but the strong share-price reaction is a slight surprise.

Bitcoin Goes to the Big Four: PwC Accepts First Digital-Currency Payment 

Big Four accounting firm PricewaterhouseCoopers said it accepted a payment in bitcoin for its advisory services, its first in a virtual currency.


(END) Dow Jones Newswires

December 01, 2017 07:15 ET (12:15 GMT)

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