Possible Biden Appointee to Retire as CEO of TIAA Finance Firm

Roger Ferguson, TIAA's long-serving chief executive and one of Wall Street's most-prominent Black executives, has emerged as a top contender for a cabinet role in the Biden administration. 


 
SEC Looks to Tighten Up on Chinese Firms

Chinese companies with shares traded in America would be required to use auditors overseen by U.S. regulators or face being kicked off exchanges under a plan being drafted by regulators. 


 
Sabadell Trades Higher, BBVA Lower as Merger Talks Revealed

Shares in Banco de Sabadell traded higher in opening trade, while its peer Banco Bilbao Vizcaya Argentaria traded down, following news that the two Spanish banks were in talks over a tie-up. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
'Someone's Losing Their Job': Revlon Lenders Were Surprised at Citi's $900 Million Mistake

When Citigroup accidentally used its own funds to repay nearly $900 million owed by Revlon, lenders were surprised at their unexpected payoff, according to internal chat and email messages. 


 
Shelton Faces More GOP Opposition for Fed Nomination, Setting Up Close Vote

A third Republican senator said Monday he wouldn't support the confirmation of a nominee of President Trump to a seat on the Federal Reserve's board of governors, setting up a close vote as soon as this week. 


 
Goldman's Top Deal Maker Leaving to Run Michael Dell's Investment Firm

Gregg Lemkau, Goldman Sachs's co-head of investment banking, is leaving the Wall Street bank to run the investment firm started by technology tycoon Michael Dell. 


 
Global Regulators Highlight Need to Shore Up Money-Market Funds

The Financial Stability Board issued its report on financial market disruptions triggered by the coronavirus pandemic in March. 


 
PNC Deal Highlights U.S. Challenges for European Banks

BBVA's sale of its U.S. operations to PNC underlines that, for European banks, America is a tough nut to crack. 


 
SEC Whistleblower Program Sets New Records in 2020

The office paid out around $175 million in awards to 39 tipsters in the fiscal year ended in September, and received a record number-around 6,900-of tips.

(END) Dow Jones Newswires

11-17-20 1115ET