Santander Shares Drop After Surprise Result in Brazilian Election
The stock was down more than 5% after the victory for leftist candidate President Luiz Inacio Lula da Silva over right-wing contender Flavio Bolsonaro.
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Moody's Keeps France's Credit Rating Unchanged
Moody's Ratings kept France's credit rating unchanged, despite a steady rise in its debts and the political fragmentation that has made it difficult to rein in borrowing.
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American Express to Cut 3,500 Jobs
The credit-card company is the latest to announce job cuts this week as Barclays, eBay and Volvo also lay off thousands of employees.
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FICO Holds $10 Pricing for Mortgage Lenders Amid New Competition
Fair Isaac said it is holding its price of $10 for mortgage lenders to use its FICO score, a price that is more than double that of competitor VantageScore 4.0.
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Cox Capital Takes Another Shot at Capitalizing on Stressed BDCs
The secondary firm is preparing to offer loans secured by business-development company shares to provide quick liquidity to investors facing redemption caps.
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Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
Citi has received approval from Chinese regulators to set up a wholly owned securities company in China, a milestone in its yearslong effort to deepen its presence in the country.
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Financial Services Roundup: Market Talk
Find insight on managed money, American Express and more in the latest Market Talks covering financial services.
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Weil Gotshal Loses More Top Lawyers as Merger Talks Collapse
Partners are leaving for rivals including Sidley Austin and Davis Polk, increasing pressure on the law firm to secure its future.
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Blackstone's Core Businesses Hit by Rising Rates
Proceeds from asset sales in the firm's private-equity unit fell 49%.
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Sallie Mae Cuts Full-Year View After Logging Higher Charge-Offs
The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.
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Is It Time for a New CEO at Bank of America?
Brian Moynihan is back in the hot seat, following disappointing earnings and a large U.S. Treasury fine. Why it might be time for the longtime CEO to move on.
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London Stock Exchange Group Agrees to Buy Octus For $3.5 Billion
The stock-exchange and financial-information company said last week that it was in talks over the deal to buy the credit intelligence, data and workflow provider from Permira.
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Brazilian Private-Equity Firm Vinci Emulates U.S. Peers With Reinsurer Acquisition
The firm is buying Latin America-focused Austral Resseguradora to strengthen its balance sheet.
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