Voya in Talks With Apollo to Sell Annuity Assets
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Voya Financial Inc. is in advanced negotiations to sell about $50 billion of retirement-income annuities to private-equity giant Apollo Global Management LLC.
Trump Vows Punishment for Wells Fargo
President Trump threw himself into a debate about the direction of a consumer-finance regulator, pledging punishment for Wells Fargo despite his administration's promise to ease postcrisis financial regulation.
China Levies Large Fine on Bank Over Bond Guarantees
China's banking watchdog fined a midsize bank more than $100 million for its role in a bond default last year, one of the largest penalties levied on a Chinese bank and a sign Beijing is ramping up a crackdown on ways banks have been hiding risks.
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SEC Delays New Mutual Fund Disclosures, Citing Security
Mutual funds will get a nine-month reprieve from sending detailed portfolio information to their regulator as the government reviews how to ensure the valuable data isn't hacked.
U.S. Regulators Consider Revising Leveraged-Lending Guidelines
U.S. banking regulators have told Congress they are considering reissuing guidelines that were the basis for a crackdown on leveraged lending.
France Widens Acceptance of Blockchain
France will allow wider use of the record-keeping technology behind bitcoin when issuing and trading traditional securities, part of a growing number of experiments to speed up trading by decentralizing it.
U.K., EU Reach an Agreement on Brexit Divorce Terms
The U.K. and the European Union reached an agreement Friday on Brexit divorce terms after six months of tense talks, opening the way for negotiations to advance on a trade deal.
Bitcoin Futures Promise Wild Ride for Risk-Loving Traders
This weekend's launch of U.S. bitcoin futures will let investors add the virtual currency to their portfolios through the same electronic brokerages they use to trade stocks and options.
From Belgrade to the Pinnacle of Washington's Banking World
Jelena McWilliams, an immigrant born in the former Yugoslavia, has been a quiet force for years in shaping Republican policy on the banking industry. Her stature is about to expand greatly if she is confirmed to lead the FDIC.
Over $600 Billion Has Flown Into ETFs in 2017
Investors plowed more than $600 billion into exchange-traded funds globally in the first 11 months of the year, according to new research, already marking an annual record for one of Wall Street's hottest products.
(END) Dow Jones Newswires
December 08, 2017 16:15 ET (21:15 GMT)