Japan Post’s Stock Sale Raises $11B, but Demand Is Subdued

A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year, with the postal and financial giant’s attractive dividend yield helping drum up sufficient, albeit subdued, demand. The stock priced at a 2 percent discount to its Monday closing price, compared with an indicative range of […]

Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers

A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on a handful of large financial institutions it deems “systemically important.” The Financial Stability Oversight Council convened Friday to potentially remove the label of “systemically important financial institution (SIFI),” which carries with it heightened oversight and […]

Legal Experts See Room for Deal in Equifax Data Breach Lawsuits

Equifax Inc. could get away with paying a mere $1 per person after failing to protect almost half of America’s credit data. While the 118-year-old credit-reporting firm has been hit with more than 100 consumer lawsuits over its massive security breach, legal experts say there’s room for a deal because neither side has a slam-dunk […]