News Highlights: Top Financial Services News of the Day

02/08/18 07:15 AM EST
Why Tax Law Likely Means Lower Revenue for Pipeline Operators 
 

The U.S. tax overhaul will likely force many pipeline operators to lower the rates they charge customers, a side effect with major consequences for some of the industry's biggest companies.

 
ECB Official Calls for Swift End to Bond-Buying 
 

German Bundesbank President Jens Weidmann called on the European Central Bank to wind down its giant bond-buying program after September, urging officials not to be distracted by a stronger euro currency or volatility in global financial markets.

 
Fed's Kaplan Reinforces His Case for Three Rate Rises This Year 
 

Unemployment in the U.S. will drop below 4% and 2018 will be a "strong" year for America, the president of the Federal Reserve Bank of Dallas said, reinforcing his base case for three interest-rate rises this year.

 
Fintech Firms Look to Enter Banking Via Century-Old Tactic 
 

Financial-technology firms eager to offer banking products are eyeing industrial loan company charters, a century-old model that fell out of favor during the financial crisis but could see a revival under the Trump administration.

 
Is This Obscure Wall Street Invention Responsible for the Market Selloff? 
 

Critics have pointed to an obscure investment strategy pioneered by the world's largest hedge fund, Bridgewater Associates, even as some risk-parity strategies outperformed the broader market.

 
Some Investors Shun Longer-Dated Bonds as Duration Risk Rises 
 

Some investors are reducing their exposure to longer-dated corporate bonds as higher yields increase duration risk.

 
Societe Generale Profit Slides But Tops Expectations 
 

Societe Generale said its fourth-quarter net profit fell significantly, hit by one-off items, but surpassed the loss expected by analysts.

 
UniCredit Swings to Profit 
 

UniCredit said it swung to a net profit in the fourth quarter from the multibillion-euro loss that it booked last year as it cleaned up its balance sheet.

 
Sen. Warren Says Passport Numbers Affected in Equifax Breach 
 

Equifax failed to disclose that hackers gained access to consumers' passport numbers, according to a report from Sen. Elizabeth Warren's office. The company denied the findings.

 
TD Ameritrade to Allow Trading via Twitter 
 

TD Ameritrade is letting customers initialize trades over Twitter, the latest attempt by the discount brokerage to attract digitally savvy and younger investors.

 
 

(END) Dow Jones Newswires

February 08, 2018 07:15 ET (12:15 GMT)

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