News Highlights: Top Financial Services News of the Day
SoftBank in Talks to Buy Nearly a Third of Swiss Re
SoftBank Group is in advanced talks to buy a stake in reinsurance giant Swiss Re that could be worth $10 billion or more, in the latest example of the Japanese conglomerate's soaring ambitions.
Sen. Warren Says Passport Numbers Affected in Equifax Breach; Company Denies It
Equifax failed to disclose that hackers gained access to consumers' passport numbers, according to a report from Sen. Elizabeth Warren's office.
Goldman Sachs in Talks With Apple to Finance iPhone Sales
The Wall Street firm is in talks to offer financing to shoppers buying phones, watches and other gadgets from Apple, people familiar with the matter said. Customers purchasing a $1,000 iPhone X could take out a loan from Goldman instead of charging it to credit cards that often carry high interest rates.
Bank of America Hires Law Firm to Help Probe $292 Million Loss
Bank of America has brought in a law firm to help examine a soured lending arrangement that led to a $292 million quarterly charge.
Fed's Dudley Says Stock Volatility Hasn't Changed His Outlook
New York Fed leader William Dudley said the stock market's wild swings over recent days haven't changed his assessment of the economy and monetary policy.
Carlyle Earnings Boosted by Investment Growth and Fees
Carlyle Group posted a fourth-quarter profit, helped by an upswing in fee-related earnings and strong growth in the value of its investments.
Bitcoin's Bear Market Leaves Mark on Coin Offerings
Bitcoin's roughly 70% selloff from the December peak to recent lows has weighed heavily on "altcoins" and especially the newer tokens created via initial coin offerings.
The Fed Put Is Far Away
Investors think the Federal Reserve is waiting with a net below the stock market, and chances are they are right. The only problem is that the net is far below where stocks are now.
What Stock Volatility Means for U.S. Consumers
The booming stock market of recent years helped propel U.S. consumers even as they struggled with tepid wage growth and a sluggish economy, but the market gyrations of recent days now threaten that dynamic.
Prudential Bets Retirees Won't Keep Living Even Longer
Curious as it sounds, Prudential Financial is rapidly gaining a big exposure to the health and well-being of British retirees.
(END) Dow Jones Newswires
February 07, 2018 16:15 ET (21:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.