News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

WSJ Survey: Most Economists Expect Next Fed Rate Increase in December

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Economists surveyed by The Wall Street Journal this month see the Federal Reserve raising interest rates once more in 2017 and three times in 2018, a view that matches the Fed's own projections.

Fed's Dudley Sees Continued Growth in U.S. Labor Market

Federal Reserve Bank of New York President William Dudley said he sees continued moderate growth in the U.S. labor market, but also pointed to problem areas such as sluggish wage growth.

Zambia's Central Bank Cuts Interest Rate Again

Zambia's Central Bank cut its key lending rate by 1.5 percentage points to 11%, the third rate cut in a row, citing slowing inflation and weak economic growth.

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Barclays Hires Citi Executive to Be Card Unit CEO

Barclaycard International has hired longtime card industry executive Barry Rodrigues to run its operations.

Today's Financial Crisis: We Forgot the Financial Crisis of 2007

The global financial crisis began 10 years ago this week. The bad news is that it doesn't take a once-in-a-lifetime financial crisis to put a big dent in your savings, merely a perfectly ordinary mismatch between expectations and reality.

Why Goldman Sachs Seized a Client's 217-Foot Yacht

The story behind Goldman's nautical trophy catalogs the inevitable outcome of Wall Street's latest gold rush: lending to wealthy clients, the loans backed by everything from Warhols to fine wine.

SEC Delays Decision on Sale of Chicago Stock Exchange to Chinese Investors

The Securities and Exchange Commission said it would postpone approval of the sale of the Chicago Stock Exchange to a group led by Chinese investors, despite a recommendation from its staff to certify the deal.

BofA's New Premium Rewards Card Comes With a Twist

Bank of America is preparing to join the premium rewards card fray, planning a new twist on hot products geared toward the affluent like J.P. Morgan Chase's Sapphire Reserve card.

Aug. 9, 2007: The Day the Mortgage Crisis Went Global

Ten years ago the first glimpses of the global financial crisis came into view. That day didn't expose just the disarray of the global financial industry. It also illuminated behavioral patterns that helped accentuate the crisis.

Vantiv Seals $10 Billion Worldpay Deal

Ohio-based Vantiv agreed to acquire U.K. payments processor Worldpay Group for about $10.4 billion in cash and stock, one of the biggest deals in the fast consolidating sector.

(END) Dow Jones Newswires

August 10, 2017 11:15 ET (15:15 GMT)