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News Highlights: Top Financial Services News of the Day

01/25/2021 | 12:16am
NCR Is Nearing a Deal to Buy ATM Operator Cardtronics 

NCR is finalizing a takeover that would value Cardtronics at $39 a share, or around $1.7 billion, outbidding a pair of investment firms that had earlier agreed to buy the ATM operator.

Cryptocurrency Startup's Future Hinges on SEC Case 

Ripple, the San Francisco company headed by Brad Garlinghouse, says its signature product, known as XRP, is a currency that shouldn't be subject to securities laws.

Covid-19's Financial Toll Mounts as Homeowners Delay Payments 

Some 2.7 million homeowners are still pausing their monthly mortgage bills, and more might need help in the coming months.

When SPACs Attack! A New Force Is Invading Wall Street. 

"Blank check" firms known as SPACs are in pursuit of America's hottest startups. Is the invasion a sign of a market euphoria that can't last?

ECB Considers Halting Private Calls to Banks 

The post-policy meetings practice had raised eyebrows among financiers and central-bank officials because it risked privileging large investors with sensitive information.

Morgan Stanley CEO Got a Big Raise for 2020 

James Gorman was awarded $33 million, a 22% raise for a year in which the bank generated record revenue, announced two multibillion-dollar acquisitions and avoided the worst of the pandemic-induced recession.

SPACs Rescued Wall Street From the Covid Doldrums 

Initial public offerings from so-called blank-check companies gave a boost to banks' stock-selling operations in 2020.

Short Bets Pummel Hot Hedge Fund Melvin Capital 

Founded by 42-year-old Gabe Plotkin, Melvin Capital Management is down 15% just three weeks into 2021 after a series of wrong-way bets.

Hong Kong's Hang Seng Index Battles Midlife Crisis: Boring Stocks and Blacklists 

The Hang Seng Index, the main barometer of Hong Kong's $6 trillion stock market, will be getting a makeover.

New York Fed Explains How Its Leader Was Renominated to New Term 

The New York Fed said its board of directors unanimously approved John Williams to start a new five-year term on March 1.

(END) Dow Jones Newswires

01-25-21 0015ET

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