News Highlights: Top Financial Services News of the Day - Thursday at 11 AM ET

Dow Jones
07 Mar
 
ECB Cuts Rates to Guard Stalled Economy Against Tariff Threats 
 

The ECB cut rates by a quarter point, aiming to buffer an economy threatened by tariffs and a sudden need to ramp up military spending.

 
New GOP Bill Aims to End 'Debanking' of Crypto Companies and Conservatives 
 

Sen. Tim Scott wants to prohibit regulators from considering so-called reputational risks when evaluating banks' business practices.

 
Apollo and Motive Partners Create a Private-Markets Client Services Provider 
 

The venture's offerings are designed to make it easier for fund managers to interact with the growing ranks of wealthy investors.

 
Why 'Gold Cards' for Rich Immigrants Don't Have to Replace EB-5 
 

Immigration specialists say two U.S. programs serve different purposes and different people.

 
Schroders Targets Cost Cuts With New Strategic Plan 
 

The asset manager plans to deliver GBP150 million of annualized cost savings over the next three years, with GBP20 million already delivered in the first quarter.

 
Some Lenders Benefit From SBA's Troubled Loan Program 
 

A handful of lenders have benefited even as defaults mount for the SBA's flagship loan program.

 
Financial Services Roundup: Market Talk 
 

Find insight on Admiral, CIMB Group and interest rates in the latest Market Talks covering Financial Services.

 
Trump's Crypto Advisers Weigh Paths to a National Stockpile 
 

The president wants to build a federal cryptocurrency reserve. His subordinates are starting by counting up crypto the government already holds.

 
Fed Official Says Balance-Sheet Goals May Entail Shorter Portfolio Duration 
 

An official who manages the Federal Reseve's monetary-policy implementation said tweaks to the composition of the central bank's balance sheet could mean the Fed would eventually own relatively more short-term Treasury bills and fewer long-term notes and bonds.

 
Private Credit Eases Off Mega Loan Deals as Banks Regain Ground 
 

From Blackstone to Blue Owl, private credit firms are dipping into smaller deals as banks reclaim some market share in jumbo corporate loans.

 
 

(END) Dow Jones Newswires

March 06, 2025 11:00 ET (16:00 GMT)

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