News Highlights: Top Financial Services News of the Day

Jamie Dimon Says He Never Discussed Epstein's Accounts; Staley Says He Did 
 

Former top JPMorgan executive Jes Staley said in legal documents that he communicated with CEO Jamie Dimon about the bank's business with convicted sex offender Jeffrey Epstein.

 
Rising Rates Make It Harder to Help Distressed Homeowners. Regulators Are Trying to Fix That. 
 

The FHA proposed a plan where struggling borrowers could get back on track while keeping their super-low interest rates.

 
Franklin Resources to Acquire Putnam Investments From Great-West Lifeco 
 

Asset manager Franklin will pay as much as $1.3 billion in stock and cash.

 
Fed Prepares to Skip June Rate Rise but Hike Later 
 

Two Federal Reserve officials framed a potential decision to forgo a rate increase as a chance to assess more economic information, then possibly raise rates later this summer.

 
Goldman Sachs Prepares Another Round of Layoffs Amid Deal Drought 
 

The financial giant is readying cuts that will impact a range of employees, including managing directors and other senior executives, people familiar with the matter said.

 
Pro Take: Crypto Runs Raise Urgent Policy Questions, Says Chicago Fed Paper 
 

Fed research examines just how quickly customers withdrew money from crypto platforms during last year's digital runs that led to bankruptcies.

 
Financial Services Roundup: Market Talk 
 

Find insight on the pace of real-estate investor purchases of homes, Hewlett Packard Enterprise's computer segment revenue, and more in the latest Market Talks covering the Financial Services sector.

 
Fed's Barkin says inflation will be 'more stubborn than many people would hope' 
 

The chief of The Richmond Federal Reserve said high inflation probably won't dissipate quickly barring a sharper slowdown in the U.S. economy.

 
Debt-Ceiling Deal Reinstates Student-Loan Payments 
 

Normal payment schedules for federal student loans would resume by Aug. 30 under the agreement.

 
Handelsbanken Secures Deal to Sell Bulk of Finnish Business 
 

Handelsbanken has agreed to sell parts of its Finnish operations to S-Bank, Oma Savings Bank and Fennia Life Insurance for around EUR1.3 billion.

(END) Dow Jones Newswires

June 01, 2023 00:15 ET (04:15 GMT)

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