December 7, 2021

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News Highlights: Top Financial Services News of the Day

Paytm Flop Will Skim Froth Off India's IPO Market 

The disappointing performance of India’s largest IPO will cool sentiment a bit, but a dose of reality could make for a healthier market.

Swiss Life Plans Higher Dividend, Share Buyback 

Swiss Life said it will launch a CHF1 billion buyback starting next month and increase its dividend payout ratio to more than 60% from 2022, as it set out its midterm plans to target higher earnings and shareholder returns.

Generali in Talks to Buy Credit Agricole Unit 

UPDATED: Generali is in exclusive talks to buy Credit Agricole’s La Medicale business, its insurance subsidiary for healthcare professionals.

Ray Dalio's Bridgewater Raises $1.25 Billion for Its Largest China Fund Yet 

The action catapults the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world’s second-largest economy.

Bank of Korea Raises Rates Again With an Eye on Inflation 

South Korea raised interest rates for the second time in three months, expressing confidence in the global economic recovery while giving priority to moves to curb accelerating inflation and soaring household debt.

Dimon Apologizes for Joke About JPMorgan Outlasting China's Communist Party 

JPMorgan’s chief executive made the offhand remark days after he made a whirlwind trip to the Chinese financial hub of Hong Kong on a government travel exemption.

Fed Officials Debated Inflation Concerns, Taper Pace at Meeting 

The officials signaled greater doubts this month over how long it would take for elevated inflation to abate and how soon they would need to raise interest rates to cool the economy.

Morgan Stanley, JPMorgan to Help Hong Kong Staff Pay for Quarantines 

The firms said they would offer about $5,000 to cover employee’s hotel expenses incurred in returning to the city from visiting family.

Mexico's Central Bank Nominee Fuels Concerns About Independence 

Mexican President López Obrador, a leftist nationalist, nominated Deputy Finance Minister Victoria Rodríguez as the next governor of the Bank of Mexico, sparking a sharp depreciation of the peso

Model-Portfolio Assets Hit Record Highs 

BlackRock added inflation protection and “fallen angel” bond investments to model portfolios last month, unleashing big fund flows.


(END) Dow Jones Newswires

November 25, 2021 07:15 ET (12:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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