News Highlights: Top Financial Services News of the Day

02/07/18 11:15 AM EST
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)

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