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. 


 
Falling 'Real' Yields Drive Investors to Junk Bonds

Investors are pointing to one key factor lurking beneath a recent rally in U.S. speculative-grade bonds: falling real yields, which are driving those in search of higher returns to the high-yield market. 


 
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. 


 
Fed's Powell Says Rising Coronavirus Cases Pose Threat to Economy

Federal Reserve Chairman Jerome Powell said it was too soon to say how a potential vaccine would influence the economic outlook. 


 
SEC Chairman Urges Corporate Insiders to Avoid Quick Stock Sales

Drug-company executives were allowed to sell stock during announcements of Covid-19 vaccine results. 


 
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. 


 
Judy Shelton's Fed Candidacy Hits Setback in Senate

Senate Republicans failed to secure enough votes to advance the confirmation of Judy Shelton, an ally of President Trump, to a seat on the Federal Reserve's board of governors. 


 
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.

(END) Dow Jones Newswires

11-17-20 1615ET