News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Credit Suisse to Raise Capital, Ditch Sale of Swiss Unit

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Credit Suisse said it planned to raise about $4 billion of fresh capital and abandon plans for a partial sale of its Swiss unit as the banking giant reported a first-quarter profit that topped analysts' expectations.

Standard Chartered Earnings Jump as Bad Loans Decline

Standard Chartered said its restructuring strategy is paying off after pretax profit jumps and bad loans decline, raising expectations the bank will start paying dividends again soon.

Are Traders Getting an Early Glimpse at U.K. Government Data?

A comparison of trading data for the Swedish krona and British pound may provide further evidence that some investors could be trading with knowledge of U.K. official statistics before they are published.

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Capital One Earnings Fall as Charge-Offs Increase

Capital One Financial Corp. reported a 20% drop in first-quarter net income from a year earlier as losses jumped for U.S. credit cards and the bank took a bigger provision charge for credit losses.

Citigroup Holders Back Executive Pay Plan

Citigroup shareholders cast 95% of their votes at the bank's annual meeting in support of its compensation plan for top executives, following a jump in the stock price and a pay cut for Chief Executive Michael Corbat.

New York Court Dismisses Libel Suit by Highland Capital

A state supreme court judge found comments by one of the asset-management firm's investors to be accurate depictions of a separate lawsuit against Highland.

EU Bank Executives Push Back at Regulators

European bank executives told regulators they were taking too long to complete the postcrisis financial rule book in a shifting political environment, leaving lenders at competitive disadvantage and putting the bloc's economic recovery at risk.

Wells Fargo Directors Face Shareholders' Ire

Shareholders at scandal-scarred Wells Fargo voted Tuesday to keep all 15 of the bank's directors, but in a stinging rebuke rarely seen in corporate elections did so in some cases by slim margins.

Credit Suisse Faces Investor Scrutiny With Earnings Report

Credit Suisse is preparing to release first-quarter earnings. The Swiss banking giant has steadied itself somewhat after scaling back its investment banking business in favor of managing money for wealthy clients.

Trump Pick for SEC Chairman Assembling Top Agency Staff

President Donald Trump's choice to run the Securities and Exchange Commission is quietly assembling a cabinet of top staff members who spent their careers on Wall Street or advised companies on big deals, foreshadowing the commission's quick pivot toward a deregulatory agenda.

(END) Dow Jones Newswires

April 26, 2017 07:15 ET (11:15 GMT)