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