News Highlights: Top Financial Services News of the Day
Fed's Kaplan: Central Bank Should Get Started on Rate Increases 'Soon'
Federal Reserve Bank of Dallas President Robert Kaplan said Tuesday he still expects the U.S. central bank to raise interest rates three times in 2018, but said officials should get started "soon."
New Powers Come With Pressure for Europe's Central Bank
The European Central Bank is being dragged into local controversies over issues ranging from banking scandals to bribery, underlining the mounting political pressures on the world's No. 2 central bank as it takes on a vastly expanded role.
Big Banks Get a Big Win in Senate Rollback Bill
Bipartisan legislation expected to clear the Senate as early as this week has just one provision that is set to directly benefit the nation's megabanks: a section aimed at making it easier for them to buy state and local bonds.
Bank of Canada Expected to Stand Pat Amid Trade Uncertainty
The growing uncertainty over Canada's trade ties with the U.S. is reinforcing expectations that the Bank of Canada will hold its benchmark interest rate steady in its policy announcement Wednesday.
Abraaj Weighs Job Cuts as Investors Review Their Holdings
Abraaj Group, a Dubai-based firm at the center of an investigation into claims of missing funds, may cut its workforce as lenders and investors review their relationship with the firm and efforts to raise a $6 billion fund stall.
How Are Laundry Machines and Roads Alike? They're Infrastructure
With public-works deals in short supply, many investors are stretching the definition of infrastructure to other deals they hope will offer steady, predictable returns.
Citigroup, Kabbage Form Consortium on Fintech Cybersecurity
Four financial companies including Citigroup and online lender Kabbage have formed a consortium to address fintech firms' cybersecurity risks, a sign of the industry's growing links to traditional banks and insurers.
Fed Considering 'Broad Revisions' to Volcker Rule Compliance
The Federal Reserve is considering "broad revisions" to how banks comply with a rule that prevents them from engaging in certain types of trading and investing.
South Africa's Ruling Party Withdraws Motion to Nationalize Central Bank
The African National Congress withdrew a parliamentary motion on the nationalization the South African Reserve Bank, one of the few central banks that still has private shareholders.
Tax Cuts Fuel Biggest Merger Spree Since 2000
Tax cuts and economic growth are spurring a spending spree by U.S. companies on deal making as well as share buybacks. But with some deals being done at big earnings multiples, companies and their investors may find they haven't spent wisely when the dust eventually settles.
(END) Dow Jones Newswires
March 06, 2018 11:15 ET (16:15 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.