Deutsche Bank Was Asked for Information on Transactions Potentially Linked to Michael Flynn
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Deutsche Bank has been asked by U.S. government authorities to hand over information about transactions that could be linked to former national security adviser Michael Flynn or entities connected to him, according to people familiar with the matter.
P&G Concedes Proxy Fight, Adds Nelson Peltz to Its Board
Procter & Gamble said it would add activist investor Nelson Peltz to its board, ending weeks of intrigue after the biggest and most expensive proxy battle ever fought essentially finished with a tie.
Commodity Hedge-Fund World Loses One More: Madava to Close
One of the last remaining commodities hedge funds, Madava Asset Management, is shutting down after a major investor requested to pull funds, according to people familiar with the matter.
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Fed's Quarles to Recuse Himself From Matters Involving Wells Fargo
Randal Quarles, the Federal Reserve's point man on financial regulation, said he would recuse himself from participating in matters related specifically to Wells Fargo, "to avoid even the potential appearance of a conflict of interest."
KKR to Buy Unilever's Spreads Business for $8 Billion
U.S. private equity giant KKR agreed to acquire Unilever's margarine and spreads business in a deal that values the unit at $8.03 billion, making it one of the largest European acquisitions by a buyout firm this year.
Senators Rubio and Corker to Support Republican Tax Plan
Republican senators Marco Rubio and Bob Corker said they planned to support the GOP tax plan, bolstering the chances of passage as party leaders planned to release final details of the plan later Friday.
White House Weighs Former CFTC General Counsel for CFTC Democratic Slot
The White House is considering nominating former top Commodity Futures Trading Commission official Dan Berkovitz to a Democratic vacancy on the panel.
Private-Equity Firm Silver Lake Plays Rare Role: Predator
Bank Stocks Can Fight the Fed, for Now
At some point, higher interest rates may become a negative for banks, but not for a while. Despite the flattening of the yield curve, banks' net interest margins have been rising, and their stocks have fared well.
Dollar Scarcity Sends Global Funding Costs Soaring
The cost of derivatives that allow European investors to access U.S. dollars has rocketed this week, with some reaching their steepest levels since the worst days of the eurozone sovereign-debt crisis.
(END) Dow Jones Newswires
December 18, 2017 00:15 ET (05:15 GMT)