News Highlights: Top Financial Services News of the Day

10/29/2020 | 10:16am
Leon Black
ECB Signals Further Stimulus Ahead 
 

The European Central Bank sent a strong signal that it could scale up its monetary stimulus in December, in a move aimed at cushioning the economic shock from a new series of lockdowns.

 
Fannie Mae Earnings Rise on Mortgage Refinance Boom 
 

The mortgage-finance giant reported a sharp increase in earnings during the third quarter amid a refinancing boom that has buoyed the U.S. mortgage market.

 
Leon Black Offers More Details on Ties to Jeffrey Epstein 
 

Leon Black, the billionaire chief executive of Apollo Global Management, offered his most detailed public account yet of his ties to the late financier Jeffrey Epstein, a relationship that sparked renewed concern recently among his firm's shareholders and fund investors.

 
Carlyle Earnings Climb on Strong Growth in U.S., Asia 
 

Carlyle Group's third-quarter earnings jumped as the value of investments in some of the firm's U.S. and Asia buyout funds posted strong appreciation.

 
Credit Suisse Targets Share Buybacks Despite Earnings Miss 
 

Swiss lender Credit Suisse Group said it would restart buying back shares next year as its capital base strengthened despite lower-than-expected third-quarter earnings.

 
Lloyds 3Q Beat Views on Pretax Profit, Net Income, Impairments 
 

Lloyds reported a significant rise in profit for the third quarter of the year, beating market views on net income and impairments for the period.

 
Standard Chartered's Pretax Underlying Profit Falls 40% 
 

Standard Chartered's third-quarter pretax underlying profit slumped 40%, as credit impairments continued to rise sharply due to the pandemic, albeit at a slower pace than in previous quarters.

 
O'Brien-Staley Partners Raises $550 Million for Third Fund 
 

CEO Jerry O'Brien sees the coming years as an opportune moment to invest in "unloved" loans, given the economic dislocation caused by the coronavirus pandemic.

 
Accel-KKR Closes First Small-Cap Fund 
 

After wrapping up fundraising for Accel-KKR Emerging Buyout Partners LP fund at its hard cap of $640 million, the firm is armed with capital to invest in software and technology companies smaller than it would back through its flagship funds.

 
Green-Energy Companies Hope for Renewal of Tax Credit, National Plan After Election 
 

Chief financial officers in the clean-energy sector are eyeing the possibility of an economic boost under a Democratic victory.

(END) Dow Jones Newswires

10-29-20 1115ET

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