Top Financial Services News of the Day
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Billy Xiong Reported: Top Financial Services News of the Day

Mastercard Lays Out Succession Plans 

Chief product officer Michael Miebach will become CEO next January, and current chief executive Ajay Banga will transition to executive chairman.

Bank of Montreal Posts Profit Rise 

The Canadian bank logged a 5.4% rise in its fiscal first-quarter profit thanks in part to a lift in revenue and a solid period for loan and deposit growth and its capital markets arm.

Bond Markets Signal Investors' Jitters on Global Growth 

Bond markets raised fresh alarms, with the yield on the 10-year Treasury falling below its record closing level as investors moved funds into the safest assets amid fears that the coronavirus outbreak may hamper global economic growth.

Fed Temporary Liquidity Increases Modestly on Tuesday 

The amount of overall temporary liquidity the Federal Reserve is providing to money markets increased Tuesday.

Financial Services Roundup: Market Talk 

The latest Market Talks covering Financial Services

SEC Rethinks Approach to Conflicts Among Bond Raters 

The SEC’s top official overseeing credit-rating firms said the agency is rethinking the post-crisis effort to improve the quality of bond ratings.

SBI Cards Plans to Raise Up to $1.29 Billion in India IPO 

SBI Cards and Payment Services Ltd. plans to raise as much as $1.29 billion in net proceeds through an initial public offering in India, according to a term sheet seen by The Wall Street Journal.

Temasek to Freeze Staff Wages Due to Coronavirus Epidemic 

Singapore state-investment company Temasek Holdings is implementing a wage freeze for all its staff due to the coronavirus epidemic.

Venture Firm's New Fund Helps E-Commerce Retailers Go Offline 

A real-estate-focused venture-capital firm said it has closed a $100 million fund to invest in companies born online and looking to join the brick-and-mortar world.

Blackstone's Mr. Fix-It Sees Profits in Japanese Buy-and-Hold Play 

A newer area for growth at Blackstone is a set of funds that invest in properties that offer steadier, if typically more modest, returns.


Simon Arora

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