Overdraft fees could shrink to as low as $3 under Biden administration proposal

The new CFPB regulation would slice the fees that large banks can charge customers for overdrafting, and require lenders to be more forthcoming about the charges. 


 
Sovereign-Wealth Giant Pursues Goldman Sachs, KPMG and Others Over SVB Collapse

Norway's $1.5 trillion sovereign-wealth fund is going after SVB, its management and the defunct bank's Wall Street advisers. 


 
Charles Schwab's profit is halved but beats analyst estimates

Charles Schwab cited "softer volumes" during the quarter, but analyst praises an overall strong quarter. 


 
Future FinTech CEO Denies SEC's Manipulative-Trading Allegations

The chief executive of Future FinTech Group, Shanchun Huang, denied allegations from the U.S. Securities and Exchange Commission that he artificially inflated the company's share price before taking over as CEO. 


 
Markets Expect Rate Cuts Soon. Central Banks Say Not So Fast.

Officials will probably loosen monetary policy in 2024, but they have reasons to move more slowly than investors are betting. 


 
Pro Take: Why Venture Fund Sizes Rose Despite the Slow Market

One explanation is that fund managers expect to deploy the capital they raise over a longer period. 


 
Analysis: Dollar Could Rise in Coming Months as Rate-Cut Prospects Dwindle, Euro Weakens

The dollar was expected to break higher against the euro as investors scale back excessive U.S. rate-cut expectations while a fragile eurozone economy weighs on the single currency. 


 
Financial Services Roundup: Market Talk

Hub24 and Netwealth and more in the latest Market Talks covering Financial Services. 


 
Bill Coming Due on Record Amount of Commercial Real Estate Debt

More than $2.2 trillion in debt is maturing before 2028, and much of that will have to be refinanced at higher rates. 


 
Waller Confirms Rate Cuts Ahead. The Timing Is Foggy.

The Fed's progress in reining in inflation without causing a recession is currently "almost as good as it gets," Gov. Christopher Waller said.


(END) Dow Jones Newswires

01-17-24 1615ET