Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout

Banks have built up substantial reserves against office loans going bad. 


 
Amex sees strength in 'front-of-cabin' plane tickets as spending keeps rising

American Express saw an acceleration in new card acquisitions during the first quarter, and it recorded a profit beat for the period. 


 
PwC Looks to Shrink New U.S. Consulting Partner Class by More Than 50%

PricewaterhouseCoopers is looking to shrink its new class of U.S. consulting partners by more than 50% compared with last year as demand for advisory services continues to slow and the firm reorganizes its business lines. 


 
Private-Fund Lobbyists Push Back on Expanding Money-Laundering Checks

Industry says worries about dirty money flowing through private-equity and hedge funds are overblown. 


 
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.

Borrowing from the discount window carries a stigma officials hope to reduce. 


 
U.S. Stocks Have Outperformed Europe for Years. Why That May Change for a While.

J.P. Morgan makes the bullish case for selected euro-zone stocks, some pricey, some not. Plus, two very different cases where analysts stuck with calls that went bad. 


 
Financial Services Roundup: Market Talk

EQT, Challenger and more in the latest Market Talks covering Financial Services. 


 
Blackstone Says Private Equity's Two-Year 'Hibernation' Could Be Ending

Firm's first-quarter profit rises as dealmaking picks up after a roughly two-year slump. 


 
Wall Street Steered Billions to Blacklisted Chinese Companies, House Probe Finds

The investigation focused on BlackRock, the world's largest asset manager, and MSCI, a major compiler of stock indexes. Both firms say they violated no laws. 


 
Fed's Williams says he doesn't feel 'urgency' to cut rates

The Federal Reserve's benchmark interest rate is in a "good place," moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.


(END) Dow Jones Newswires

04-19-24 1115ET