News Highlights: Top Financial Services News of the Day
Equifax Identifies Additional 2.4 Million Hit by 2017 Breach
Equifax said more U.S. consumers were affected by its massive data breach last year than originally disclosed.
Senate Readies Rollback of Bank Rules
The Senate is expected this month to approve the most significant rollback of postcrisis financial rules since Republicans took control of Washington last year.
Trump Ally Was in Talks to Earn Millions in Effort to End 1MDB Probe in U.S.
A top Republican fundraiser close to President Donald Trump was in negotiations to earn tens of millions of dollars if the Justice Department dropped its investigation into a multibillion-dollar graft scandal involving a Malaysian state fund, according to emails reviewed by The Wall Street Journal.
Powell Testifies Before Senate Panel on Interest Rates, Economy
Federal Reserve Chairman Jerome Powell returned to Capitol Hill on Thursday for a second day of testimony, with investors eager for more on whether his bullish view of the U.S. economy might translate into a more aggressive approach to raising interest rates this year and beyond.
Investors Bet Against Treasurys as Bond Market Anxiety Intensifies
Bond investors remain on edge after last month's big price swings across financial markets, with bearish bets on U.S. Treasury futures prices reaching new highs.
Boom in Share Buybacks Renews Question of Who Wins From Tax Cuts
U.S. companies are buying back their shares at an aggressive pace, stirring debates in Washington and on Wall Street about how savings from corporate tax cuts are being used and who benefits most.
TD Bank's Earnings Drop on Hit From U.S. Tax Law
Toronto-Dominion Bank reported a drop in earnings in its first quarter as it was the latest financial institution to feel the effects of the new U.S. tax law.
Cov-Lite Leveraged Loan Issuances Doubled in 2017, Leaving Investors Exposed
The total value of "covenant-lite" loans, those with weak to no investor protections, issued to highly indebted companies more than doubled in Europe last year, increasing risks in this market should conditions sour.
SoftBank Bets Big on Food Delivery
SoftBank's Vision Fund has joined other investors that include a Singapore sovereign-wealth fund and Sequoia Capital in committing $535 million to DoorDash, a San Francisco-based food-delivery service.
Pension Funds Push Boards to Get Tougher on Sexual Harassment
A powerful group of pension funds wants corporate boards to do a better job of fighting sexual harassment, following a recent wave of alleged misconduct that toppled top executives in several industries.
(END) Dow Jones Newswires
March 01, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.