News Highlights: Top Financial Services News of the Day

02/28/18 04:15 PM EST
Jared Kushner's Ties to Banks Under Scrutiny 

The New York State of Department of Financial Services asked several banks for information about their relationships with Jared Kushner and his finances, people familiar with the information requests said.

More Firings at Bank of America Amid Sexual-Misconduct Probe 

Bank of America fired at least two employees in its prime-brokerage unit as it expands an investigation into potential sexual misconduct in the business.

Suit Claims PWC's Campus Recruiting Disadvantages Older Job Seekers 

Many large employers travel to college campuses each year to recruit entry-level workers. But a lawsuit against PricewaterhouseCoopers argues that older job applicants are disadvantaged by such hiring practices.

Why International Investors Aren't Buying Treasurys 

The rise in Treasury yields should make U.S. debt more attractive to international investors still struggling with low returns at home-yet few are buying.

For Activist Investors, Board Power Depends on Where You Sit 

The most popular board appointment for activists is the compensation committee, according to a Wall Street Journal analysis of agreements between activist investors and big companies from 2015 to 2017.

Mnuchin, Dogged By Protesters, Doesn't Want Video Posted 

Treasury Secretary Steven Mnuchin asked the University of California, Los Angeles not to post a video of his recent public appearance at which he was heckled by students.

Indonesia Seizes Yacht Wanted in 1MDB Probe 

Indonesia police said they had confiscated a luxury yacht, Equanimity, which is controlled by the Malaysian financier who the U.S. Justice Department alleges directed a fraud involving money from 1Malaysian Development.

If You Didn't Sell Stocks This Month, You've Probably Got FOMO 

Individual stock investors jolted by February's market tumult said fear of missing out on the next leg of the bull market still outweighs fear of a big correction.

City Officials Want Chicago to Become a Responsible Investor 

Officials in the nation's third-largest city want to make a company's record on issues like water usage, labor rights and diversity as important as creditworthiness when deciding how to invest its $8 billion operating budget.

Bank of Japan Cuts Bond Purchases Again but Doesn't Roil Markets 

Markets appear to be getting the Bank of Japan's message on day-to-day bond buying, and the central bank seems to be getting the message from markets. Japan's central bank trimmed back its buying of super-long Japanese government debt Wednesday, but, unlike in early January, markets didn't swoon at its potential deeper meaning.


(END) Dow Jones Newswires

February 28, 2018 16:15 ET (21:15 GMT)

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