News Highlights: Top Financial Services News of the Day - Friday at 11 AM ET
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.
Amex sees strength in 'front-of-cabin' plane tickets as spending keeps rising
American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period.
PwC Looks to Shrink New U.S. Consulting Partner Class by More Than 50%
PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines.
Private-Fund Lobbyists Push Back on Expanding Money-Laundering Checks
Industry says worries about dirty money flowing through private-equity and hedge funds are overblown.
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.
U.S. Stocks Have Outperformed Europe for Years. Why That May Change for a While.
J.P. Morgan makes the bullish case for selected euro-zone stocks, some pricey, some not. Plus, two very different cases where analysts stuck with calls that went bad.
Financial Services Roundup: Market Talk
EQT, Challenger and more in the latest Market Talks covering Financial Services.
Blackstone Says Private Equity's Two-Year 'Hibernation' Could Be Ending
Firm's first-quarter profit rises as dealmaking picks up after a roughly two-year slump.
Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds
The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws.
Fed's Williams says he doesn't feel 'urgency' to cut rates
The Federal Reserve's benchmark interest rate is in a "good place," moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.
(END) Dow Jones Newswires
April 19, 2024 11:15 ET (15:15 GMT)
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