News Highlights: Top Financial Services News of the Day
High-Interest Lenders Benefit From Trump's Deregulatory Stance
The Trump administration's revamp of a powerful consumer-finance regulator is reaping dividends for high-interest lenders.
Steve Wynn Fallout Could Rattle New Exchange's Plans
The sexual-misconduct allegations against Steve Wynn could impact a company that has little to do with casinos: IEX Group, a startup stock exchange that is looking to shake up the business of U.S. corporate listings.
Mastercard Lands Cabela's Credit-Card Business
Mastercard Inc. said Thursday it will become the credit-card network for outdoor-goods retailer Cabela's, following the company's sale last year to Bass Pro Shops.
Fed Holds Rates Steady, Sees 'Solid' Economic Gains
The Federal Reserve held short-term interest rates steady Wednesday and said it would continue along its path of gradual increases aimed at keeping the economy on track.
David Einhorn's Greenlight Capital Lost 6% in January
David Einhorn's Greenlight Capital lost roughly 6% in January, extending a multi-year period of weakness for the hedge fund.
PayPal Takes a Hit, Despite Soaring Profit
PayPal Holdings said that fourth-quarter profit rose 59%, but the results were overshadowed by news that eBay, one of its biggest sources of customers, plans to replace PayPal as its primary payments processor.
SoFi Lays Off 5% of Staff
Online lender Social Finance Inc. is laying off dozens of employees in its mortgage division, an area the company previously highlighted for its growth prospects, according to people familiar with the matter.
BNY Mellon Plans to Move Its Corporate Headquarters
Bank of New York Mellon Corp. is moving its global headquarters for the second time in less than four years.
ECB Speeds Up Timetable for Stress Tests for Greece's Four Largest Banks
The European Central Bank has accelerated the timetable for stress tests for Greece's four largest banks and will announce the results in May before the country's bailout expires.
Appeals Court Rules CFPB Structure Is Constitutional
A federal appeals court upheld the single-director structure of the Consumer Financial Protection Bureau, created after the financial crisis, but threw out the penalties it levied against a mortgage-service company.
(END) Dow Jones Newswires
February 01, 2018 07:15 ET (12:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.