News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Tropical Storm Harvey Leaves Congress With a Pair of Financial Challenges

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Congress will face two unexpected financial challenges next month from Tropical Storm Harvey: further shoring up a heavily indebted federal flood insurance program and providing emergency aid for uninsured damage.

Commonwealth Bank Faces Ethics Check

Commonwealth Bank of Australia Ltd. faces a broad ethics health check by regulators, as the fallout over alleged money-laundering compliance breaches expanded.

Regulators, Auto Lenders Dig Into Customer-Refunds Process

Regulators are reviewing some auto-lending procedures, including those related to borrower refunds, at several banks and other financing businesses in the wake of problems at Wells Fargo, according to people familiar with the matter.

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Hong Kong Brokers Make Final Stand Against Trading Floor's Demise

The Hong Kong stock exchange's 31-year old trading hall is set to close this fall, but not without some pushback from its remaining tenants.

In a Blast From a Financial Crisis Past, CDOs Are Back

After years on the decline, the market for synthetic collateralized debt obligations is on the rise again.

Tapping Your Home Equity for Cash Is Big Again

Driven by rising home prices, home-equity line originations rose to nearly $46 billion in the second quarter, their highest level since 2008.

Central Bankers Can't Savor Their Stimulus Success

Central bankers were looking forward for years to a moment when the world economy would steady, allowing them to unwind extraordinary monetary stimulus from global markets. That moment has arrived, but they are now preoccupied with other matters.

Banks Send Warning Signs for Economy

Data out of the banking sector is consistent with an aging economic expansion.

Hurricane Harvey Unlikely to Damage Insurers' Balance Sheets

The insurance and reinsurance industry has a fatter-than-ever capital cushion to absorb losses from Hurricane Harvey, executives and analysts say.

Chicago Exchange Sale Looks Shaky as China Tensions Rise

A Chinese-led group's proposed $20 million acquisition of the Chicago Stock Exchange has raised concerns in the U.S. about the potential for market hacking and threats to Americans' financial data.

(END) Dow Jones Newswires

August 29, 2017 00:15 ET (04:15 GMT)