News Highlights : Top Financial Services News of the Day

11/19/2021 | 12:16am
Fed's Williams Flags 'Roaring' Recovery While Acknowledging Inflation Jump 
 

The New York Fed president stopped short of providing hints on how he would like central bank policy to navigate the rebound from the depths of the pandemic.

 
In Post-GameStop Reform Push, SEC Seeks More Stock-Lending Disclosure 
 

The Securities and Exchange Commission is moving to bring greater transparency to the securities-lending market, where short-selling hedge funds borrow shares to bet against companies' stocks.

 
Warren Calls for SEC to Investigate Trump's SPAC Deal With DWAC 
 

The Massachusetts Democrat said Digital World Acquisition may have committed securities violations by not disclosing private discussions about the merger as early as May.

 
Judge Dismisses Lawsuit Against Robinhood and Citadel Securities 
 

The ruling said evidence found by the investors' lawyers wasn't strong enough to support their accusations of illegal collusion.

 
Willis Towers to Revamp Board Following Activist Pressure 
 

Following talks with activist investor Elliott Management, insurance broker Willis Towers Watson is preparing to replace almost half of its board including the chairman.

 
German Digital Bank N26 to Withdraw From the U.S. 
 

N26, which first expanded into the country in 2019, said it is eyeing markets in eastern Europe. The bank has 500,000 customers in the U.S.

 
Turkey's Rate Debacle Is a Warning for Emerging-Markets Investors 
 

President Erdogan's experiments show why central banks in developing nations can't just copy their Western peers.

 
China's Largest Bad-Debt Manager, Huarong, to Raise $6.5 Billion in State-Led Bailout 
 

Citic Group will become the asset manager's largest owner after the Finance Ministry when it issues shares to five institutions.

 
Supply-Chain Snarls Deliver Windfalls to Wall Street 
 

Hedge funds are cashing in through appreciating stakes in container-ship companies and sales of vessels.

 
Effort to Hire Dallas and Boston Fed Leaders Hits Full Stride 
 

The search to replace two regional Federal Reserve bank presidents who resigned in the wake of a financial market trading controversy is in full swing, and boosting diversity at the central bank is expected to factor into the process.

(END) Dow Jones Newswires

11-19-21 0015ET

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