News Highlights: Top Financial Services News of the Day

02/01/18 11:15 AM EST
Czech National Bank Raises Key Interest Rate 

The Czech National Bank raised its key interest rate for the third time since August, confirming it is the most aggressive of Europe's central banks in following the U.S. Fed's reversal of crisis-era stimulus measures.

U.S. Regulator Floats New Way of Measuring Global Swaps Market 

CFTC Chairman J. Christopher Giancarlo wants to change the way it measures the size of the global swaps market, following years of criticism that the current metric is meaningless and not illuminating.

Mastercard Revenue Rises But Tax Law Dents Earnings 

Mastercard beat revenue expectations in its latest quarter, but its profit took a hit as it implemented U.S. tax law changes.

Apollo's Assets Under Management, Revenue Rise 

Apollo Global Management reported rising assets under management and advisory fee growth in its latest quarter as the firm readies to invest its largest fund to date.

India Plans Crackdown on Cryptocurrency Misuse 

Indian Finance Minister Arun Jaitley signaled the South Asian nation was planning to crack down on the misuse of cryptocurrencies, saying it didn't recognize the digital money as legal tender.

Blackstone Benefits From Buoyant Markets, Tax Changes 

Private-equity firm Blackstone reported strong quarterly results as buoyant markets boosted the value of its holdings.

Big Banks Accused of Stifling Competition in Stock Lending 

A newly filed lawsuit against six major investment banks contends they worked together to prevent a startup company from competing in the vast and lucrative stock-lending market.

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 and alarming some consumer advocates.

Hold Up, Mate: Australia Gets Tough on Foreign Investment 

Australia's government will harden rules on foreign investment in critical energy infrastructure and prime agricultural farmland, handing new security powers to the country's deals watchdog as concerns mount about Chinese interference in the country.

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.


(END) Dow Jones Newswires

February 01, 2018 11:15 ET (16:15 GMT)

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