News Highlights: Top Financial Services News of the Day

02/02/18 12:15 AM EST
Deutsche Bank Fined for Attempting to Manipulate Interest-Rate Benchmarks 
 

The Commodity Futures Trading Commission imposed a $70 million penalty on Deutsche Bank Securities as regulators continue to punish attempted manipulation of interest-rate benchmarks.

 
BOJ Says Fixed Operation Shows Firm Implementation of Current Policy 
 

The Bank of Japan said its action in the market Friday to cap rises in bond yields was consistent with the central bank's current easy monetary policy.

 
Fed Plans Tougher Big-Bank Stress Tests This Year 
 

The Federal Reserve said its stress tests for big banks will imagine a more severe economic downturn in 2018 than in last year's version, as it announced the details of the hypothetical scenario banks must survive to pass the exams.

 
Trump Administration Shuffles CFPB's Lending-Discrimination Operations 
 

The Consumer Financial Protection Bureau's lending-discrimination office, which handled some of the agency's highest-profile cases, has been placed under the direct control of acting director Mick Mulvaney.

 
Visa's Revenue and Profit Rise 
 

A rise in card spending from increasingly confident consumers helped Visa Inc. beat revenue expectations for the first quarter of its fiscal year.

 
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.

 
Blackstone, Apollo Results Improve 
 

Private-equity firms Blackstone Group and Apollo Global Management reported improved quarterly results and offered a window into how private-equity firms are digesting the new tax law.

 
Alibaba Snags Ant Stake in Possible Prelude to Public Offering 
 

Alibaba said it will acquire a 33% stake in its financial services affiliate Ant Financial Services Group, in a move that could signal that Ant is being readied for a public offering.

 
Bitcoin Brawl: A New Twist In Tezos's $232 Million Coin Offering 
 

Some investors in Tezos, a stalled, high-profile initial coin offering, are turning to the equivalent of an old activist trick-proposing a new board of directors-to get the new-age technology project back on track.

 
Tesla Raises $546 Million in Its First Asset-Backed Securities Deal 
 

Tesla sold $546 million of bonds backed by lease payments on Model X and Model S vehicles, continuing its search for cash as it tries to ramp up production of its first mass-market car.

 
 

(END) Dow Jones Newswires

February 02, 2018 00:15 ET (05:15 GMT)

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