News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Behind Bitcoin's Wild Ride: the Japan Factor

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Bitcoin fever has hit Japan-and it's helping the virtual currency go parabolic.

'Spotify Rule' Would Help New York Stock Exchange Woo Unicorns

The New York Stock Exchange is seeking to change its listing standards as it vies for Spotify AB and other hot startups that are considering an unusual tactic called a direct listing.

Bond Brokers See Fed's Portfolio Cut to $3 Trillion to $4 Trillion by End of 2019

Most bond brokers surveyed by the New York Fed expect the central bank's $4.5 trillion portfolio of bonds and other assets to stand between $3 trillion and $4 trillion by the end of 2019, according to survey results released Thursday.

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Fed's Bullard Says Markets Have More Dovish View on Rate Path

Federal Reserve Bank of St. Louis President James Bullard warned again that the central bank and financial markets aren't on the same page when it comes to the interest-rate outlook.

Wells Fargo Sweetens Broker Recruitment Bonuses

Wells Fargo & Co. is sweetening its signing bonuses for veteran brokers, a move to capitalize on Morgan Stanley's and Merrill Lynch's retreat from the industry's costly recruiting practice known as "prisoner exchange."

Tighter Global Banking Rules Tilt Against Europe's Lenders

Long battle over update to Basel capital rules is finishing closer to U.S. demands.

Canada's Banks Can't Dodge Housing Risks Forever

Risks to Canadian banks from the country's housing bubble should not be overstated, but are very real.

GOP Congressman Issues Plan to Renew Flood-Insurance Program

Legislation put forward by a Republican congressman would renew the National Flood Insurance Program for five years and allow for the creation of a private market to sell policies.

Royal Bank of Canada's Earnings Rise

Royal Bank of Canada's sales and profit topped expectations in the first quarter, led by gains in fee-based businesses.

Toronto-Dominion Bank's Earnings Jump 22%

TD Bank said earnings for its latest quarter jumped 22%, boosted by volume growth in its Canadian retail business.

(END) Dow Jones Newswires

May 26, 2017 11:15 ET (15:15 GMT)