News Highlights: Top Financial Services News of the Day

01/03/18 11:15 AM EST
Fed Minutes to Shed Light on Officials' Outlook for 2018 
 

The Federal Reserve on Wednesday will offer more details on policy makers' outlook for 2018 when it releases the minutes of its Dec. 12-13 meeting.

 
Peter Thiel's Founders Fund Makes Big Bet on Bitcoin 
 

Founders Fund, the venture-capital firm co-founded by Peter Thiel, has bought large sums of bitcoin that are now worth hundreds of millions of dollars.

 
Why Alibaba's Jack Ma Can't Seem to Win Over the U.S. 
 

Ant Financial's failed bid to acquire Dallas-based MoneyGram was the latest in a string of setbacks for the Chinese billionaire, whose companies have long sought to establish beachheads in America.

 
Never Mind the Defaults, Venezuela Has Made Many Bondholders Rich 
 

Venezuela's bonds have lost about three-quarters of their value, reflecting a dozen missed payments by the government and the state-owned oil company. But a number of bond investors have made their money back and more.

 
As 'Mifid' Regulations Roll Out, Bond Volumes Fall 
 

Trading in some bonds fell sharply in Europe as banks implemented the massive set of new finance regulations known as Mifid II.

 
Why European Banks Will Struggle to Rally 
 

U.S. bank stocks had a great run in 2017: Europeans, not so much. Those betting on a Continental banking catch-up in 2018 shouldn't get their hopes up.

 
The New Floor for Bond Underwriting Fees: $1 
 

Fierce competition to underwrite debt offerings in Asia's booming U.S.-dollar bond market is forcing some big global banks to work on deals for next to nothing.

 
U.S. Bars Merger of MoneyGram, China's Ant Financial 
 

An American national-security panel refused to approve a deal for China's Ant Financial Services Group, an affiliate of Jack Ma's Alibaba, to buy MoneyGram, in the latest sign the U.S. is tightening scrutiny of investment from China at a time of greater tensions between the two countries.

 
HNA Group Delays Loan Repayments to Employees 
 

HNA Group Co. has fallen behind in repaying loans it obtained from employees and individual investors on an internet-lending platform, a sign it is having difficulty meeting some debt obligations.

 
Who's the Most Valuable Online Lender? After This Deal, It's GreenSky 
 

Financial-technology firm GreenSky raised new equity from Pacific Investment Management Co. in a deal that valued the digital lender at nearly $4.5 billion, said a person familiar with the matter.

 
 

(END) Dow Jones Newswires

January 03, 2018 11:15 ET (16:15 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.