News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Fed's Williams: Economy Heading Into 2018 With Good Momentum

Continue Reading Below

Federal Reserve Bank of San Francisco President John Williams said if the economy performs as he expects, the central bank is likely to steadily raise interest rates over the next couple of years.

Tax Bill Jolts Municipal-Bond Market

December is typically the sleepiest month in an already sedate municipal-bond world. But this year the prospect of a new tax bill roused the market to records.

Get Ready for Next Year's Big Tax Stimulus

There were several surprises for investors when Republicans unveiled their final tax bill Friday, but the most significant is that they add up to a bigger boost to economic growth next year.

Continue Reading Below

This One Weird Tax Trick Could Shrink the Trade Deficit

The tax bill expected to pass Congress could accomplish President Trump's goal of reducing the U.S. trade deficit, not by increasing productivity or changing other countries' trade practices, but by curbing the incentive for multinational companies to shift profits abroad.

Exchange Giant CME Launches Bitcoin Futures

CME Group, the world's largest exchange company, launched bitcoin futures on Sunday, seeking to capitalize on the mania for the booming digital currency.

U.S. Insurers Win 'Bermuda Loophole' Fight

Big U.S. property-casualty insurers succeeded in closing what they say is a loophole permitting rivals to rack up profits and move jobs to Bermuda and other low-tax locales, according to lobbyists for both sides.

Anonymous Email to Visa CEO Led to Top Executive's Firing

This fall, Visa Inc. Chief Executive Alfred Kelly received a troubling, anonymous email: Jim McCarthy, one of his most senior executives, had been involved in romantic relationships with women at the card giant.

Deutsche Bank Was Asked for Information on Transactions Potentially Linked to Michael Flynn

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.

(END) Dow Jones Newswires

December 18, 2017 07:15 ET (12:15 GMT)