News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

China's Next Debt Addiction-Credit Cards

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Interest in credit cards is growing fast in China, but penetration remains low. That could be a rare bright spot for the country's banks

5 Things to Know About China's Ant Financial Services Group

A look at the Alibaba affiliate that created and manages the world's largest money-market fund.

How an Alibaba Spinoff Created the World's Largest Money-Market Fund

In just four years, a money-market fund created by an Alibaba affiliate has become the world's largest, accruing 370 million account holders and $211 billion in assets. As its model is replicated, the government is enforcing new regulations.

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Why Hedge Funds Are Shorting the Yen

The yen has gained 6.3% against the dollar so far this year, but hedge funds and other speculative investors have largely been negative on the Japanese currency.

Goldman Banks on Lending to Grow

Goldman Sachs is now looking to the lower-octane business of lending to spur growth.

Foreign Investors Snap Up Chinese Bank Debt

Foreign investors last month more than tripled their holdings of a popular short-term debt instrument issued by Chinese banks-reflecting both the attraction of a rising yuan and a growing risk appetite.

TransUnion Ramps Up Response to Handle Equifax Data-Breach Fallout

TransUnion's finance chief said that the credit-reporting firm doesn't believe it was subjected to the same type of breach as at Equifax, but that the company has been hit by the resulting fallout.

Big Banks Expect Another Tough Quarter for Trading Businesses

Bank executives are signaling another tough quarter for their trading businesses as quiet markets and skittish clients wreak havoc on one of Wall Street's core profit engines.

Goldman's New Obsession: Adding $5 Billion in Revenue

After years of cutting, Goldman Sachs Group Inc. is in growth mode, though big questions remain over the future of its debt-trading arm.

Hack Puts Equifax at Risk of Pullback by Lenders

Banks and other financial companies are mulling the possibility of shifting some business away from Equifax in the wake of its data breach and to some of the firm's credit-reporting rivals, according to people familiar with the firms.

(END) Dow Jones Newswires

September 13, 2017 07:15 ET (11:15 GMT)