News Highlights: Top Financial Services News of the Day
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 fourth-quarter charge.
Market Correction Is Healthy, Says Fed's Kaplan
The recent correction in financial markets is healthy and is unlikely to hurt financial conditions or the broader U.S. economy, the head of the Federal Reserve Bank of Dallas said.
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.
Nasdaq to Relocate Headquarters to Times Square
Nasdaq Inc. is relocating its global headquarters from downtown Manhattan to Times Square.
India to Cryptocurrency Investors: Pay Up
India's income tax department has issued 100,000 tax notices to cryptocurrency investors, in the latest sign of a government crackdown on the use of the digital money.
Iceland's Central Bank Leaves Key Rate Unchanged Despite Rising Inflation
Iceland's central bank left its key interest rate unchanged amid a "somewhat weaker" outlook for economic activity in the Nordic island and despite a recent pickup in inflation.
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.
(END) Dow Jones Newswires
February 07, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.