Fed Signals Cuts Are Possible but Not Imminent as It Holds Rates Steady

The central bank abandoned formal guidance that had kept hikes on the table since last raising rates in July. 


 
Mastercard's Strong Earnings Still Show Spending Slowdown

Quarterly earnings from card issuer Mastercard beat estimates, but the total number and value of payment transactions slipped. 


 
New York Community Bancorp Stock Plunges 35%, Reigniting Fears for Regional Banks

NYCB built up capital after acquiring most of the failed Signature Bank in last year's crisis. 


 
Brought to You by BlackRock: Airports, Pipelines and Data Centers

The world's largest asset manager has ambitions beyond index funds. 


 
Santander Sees Improved Profits After Strong Fourth Quarter

Santander forecast increased profits in 2024 after the bank reported a higher-than-expcted net profit for the fourth quarter. 


 
Citi Names Luke Lu as New China Country Officer

Citigroup has named Luke Lu as new country officer and head of banking for China amid an ongoing global restructuring to streamline operations. 


 
Financial Services Roundup: Market Talk

Gain insight on Mastercard, Generali, Saga and more in the latest Market Talks covering Financial Services. 


 
PayPal to Cut Global Workforce by 9% as Part of Turnaround Plan

The digital payments company's head-count reduction comes on top of a prior round of layoffs of 7% last year and will be made through direct cuts and the elimination of open roles. 


 
Navient to Transfer Student-Loan Servicing Following Business Review

Navient is looking to reduce its expense base by about $400 million, based on its 2023 operating expenses. 


 
Mass PRIM's Private-Equity Investments Return to Positive Cash Flow

The $100.9 billion pension manager got more cash from private-equity investments last year than it laid out in new commitments.


(END) Dow Jones Newswires

01-31-24 1615ET