News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Bank of Japan Seeks to Learn From Fed's Taper Tantrum

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The Bank of Japan is taking baby steps toward detailing its exit strategy despite the continuing gulf between consumer prices that are barely rising and an inflation target of 2%.

Once High-Flying Anbang Chief Isn't Able to Do His Job

Anbang Insurance said Chairman and Chief Executive Wu Xiaohui handed over his duties for personal reasons, hours after a media report said he could be in trouble with the Chinese government.

Trump Financial Blueprint Will Help Senators Craft Regulatory Rollback, Lawmaker Says

Senate Banking Committee Chairman Mike Crapo (R., Idaho) on Tuesday said the Trump administration's broad blueprint for rolling back postcrisis rules will help senators craft a bipartisan financial overhaul.

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Where Banks Win Big Under the Mnuchin Plan

The Treasury Department's proposals to overhaul financial regulation offer banks, especially the biggest, potentially significant relief when it comes to how much capital they must hold.

Pimco President to Retire, Co-Operating Chiefs Named

Pacific Investment Management announced the retirement of its longtime president, Jay Jacobs, and the appointment of two veteran executives as co-chief operating officers.

In GE Shakeup, the Return of GE Capital

After 36 years under Jack Welch and Jeff Immelt, the conglomerate will soon be run by two GE lifers John Flannery and Jeffrey Bornstein, who spent years working together at the once lucrative-yet-problematic GE Capital.

Survey Shows Fed Balance-Sheet Reduction Not Priced Into Markets

Markets aren't ready for the Federal Reserve to start shrinking its big asset portfolio later this year, according to a recent survey by a policy research firm.

Trump Administration's Bank Plan Heralds End of Crisis Era

The Trump administration's new plan for bank oversight is raising industry expectations that a postcrisis era of increased regulation is over.

Commercial Mortgage Borrowers Finding It Harder to Pay Debts

Commercial real estate owners paid off maturing loans at a slower rate in May as they found it harder to refinance their buildings, according to Morningstar Credit Ratings LLC.

Elizabeth Warren Calls for Targeted Deregulation of Community Banks

Sen. Elizabeth Warren (D., Mass.) said Senate Democrats are willing to pursue targeted changes for regulations affecting community banks and credit unions as Congress moves to review postcrisis financial regulations.

(END) Dow Jones Newswires

June 14, 2017 00:15 ET (04:15 GMT)