News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

AmTrust Financial Founding Family Proposes Taking Insurer Private

Continue Reading Below

The founding family of AmTrust Financial Services Inc. has proposed taking the workers' compensation insurer private, potentially capping a series of deals and cash infusions in a bid to strengthen the company's financial position.

Goldman Sachs to Invest in Bankrupt Real Industry Inc.

Goldman Sachs Group Inc. plans to lend $4 million to bankrupt Real Industry Inc. and to eventually spend about $10 million to buy common stock in the publicly traded company, which is sitting on almost $1 billion in potential tax benefits.

Fed's Kashkari Renews Warning About Yield-Curve Flattening

Federal Reserve Bank of Minneapolis President Neel Kashkari said a tug of war between the views of central bankers and investors has created an ominous economic signal in the bond market.

Continue Reading Below

Switzerland's Central Bank Made $55 Billion Last Year-More Than Apple

Switzerland's central bank said it expects to make a record profit of $55.2 billion in 2017, citing higher global equity and bond prices as well as a weaker Swiss franc.

Euro Defies Treasury Market's Gravitational Pull

The single currency has surged against the U.S. dollar, even as German bond yields have collapsed to multidecade lows against their American peers. That's not usually what happens.

Pittsburgh Wealth Manager Adds Institutional Heft

Wealth-management firm DB Root & Co. has acquired two advisory teams focused on serving corporate clients, bolstering its institutional business.

Banks Seek Government Help to Track Money Laundering

Efforts to overhaul U.S. anti-money-laundering laws are gathering steam, as large banks, anticorruption groups and law-enforcement authorities coalesce around the idea of creating a national database of corporations and their true owners.

TD Bank Acquires Toronto-Based AI Startup Layer 6

Toronto-Dominion Bank said it has acquired Toronto-based startup Layer 6, a move aimed at bolstering the Canadian bank's artificial intelligence expertise amid a broader push by financial services firms in adopting the technology.

Endeavor Agrees to Acquire 160over90 for About $200 Million

Endeavor has agreed to acquire branding and marketing agency 160over90, as the entertainment and sports giant aims to bulk up its marketing services arm.

Bets Against Mall Debt Haven't Paid Off

A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property sector. So far, at least, the bets haven't paid off.

(END) Dow Jones Newswires

January 10, 2018 00:15 ET (05:15 GMT)