Skip to Content
Global News Select

News Highlights: Top Financial Services News of the Day

Morgan Stanley's Stock Hasn't Kept Pace With Record Profits 

Morgan Stanley reported record revenue and profit for 2019 and the stock Thursday had it biggest gain in three years. But for some long-term shareholders, that isn't enough.

Lawmakers Call for Investigation of Fintech Firm Yodlee's Data Selling 

Yodlee might be selling consumers' personal financial data without proper consent, three lawmakers said in a letter to the Federal Trade Commission.

Fed's Harker: Data Will Determine Course of Interest Rate Policy 

The Philadelphia Fed's president says the U.S. economy is in good shape right now, adding that how the economic data come in will drive what central bank officials do with interest-rate policy.

Fed Adds $52.6 Billion To Markets 

As the Federal Reserve added $52.6 billion in short-term liquidity to the financial system Friday to aid money markets, central bank officials debated the program that has been in place since September.

Trust Banks Have a Need for Spend 

Core total revenue was stable at both State Street and Bank of New York Mellon in the fourth quarter, but the big difference was the expense outlook.

Financial Services Roundup: Market Talk 

The latest Market Talks covering Financial Services.

Treasury to Issue New 20-Year Bond in First Half of 2020 

The U.S. government will begin issuing 20-year bonds in the first half of 2020, the Treasury Department said.

Trump Readies Nominations of Shelton, Waller for Federal Reserve Board Seats 

The White House said it would soon nominate economists Judy Shelton and Christopher Waller to fill two Federal Reserve Board vacancies, after months of President Trump criticizing the central bank for not doing more to stimulate the U.S. economy.

Nasdaq CIO Sees Serverless Computing as a 2020 Tech Trend 

The financial-markets sector is embracing technologies including cloud and serverless computing and data-streaming platforms to better manage massive information flows, said Brad Peterson, Nasdaq's chief technology and information officer.

Prudential Affiliate Is Fined for Misstatements 

Finra, Wall Street's self-regulatory arm, disclosed a $1 million fine against an affiliate of Prudential Financial for providing potentially thousands of workers in some of the retirement plans it administers with inaccurate data on the cost and performance of their investments.


(END) Dow Jones Newswires

January 17, 2020 16:15 ET (21:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.