* Federal Reserve Vice Chairman Richard Clarida said "monetary policy is not on a preset course" and the central bank can afford to take a wait-and-see stance on interest rates.
* Goldman Sachs is planning to launch a cash management service in the first half of 2020, sources for Reuters say.
* JPMorgan is looking to raise the annual bonuses of its corporate and investment bankers, with average percentage increases in the mid-single digits, a source told Bloomberg News.
* As part of a bigger strategy to shift more jobs to India from the U.S., German lender Deutsche Bank is moving about 60 accounting positions to Mumbai from Jacksonville, Fla., sources told Bloomberg.
* The final approval of the settlement between the Securities and Exchange Commission and Wells Fargo Securities over a failed $75 million deal with videogame company 38 Studios was delayed due to the government shutdown, Associated Press reports.
* Raleigh, N.C.-based First-Citizens Bank & Trust is buying Spartanburg, S.C.-based First South Bancorp in a deal valued at $37.5 million.
* U.K.'s Financial Conduct Authority launched an official investigation on the work culture of Royal Bank of Canada's London branch following complaints of unfair treatment, sources told Financial Times.
* SVB Financial appointed Phil Cox COO to succeed Michael Dreyer, who is retiring on April 1.
* Investment banking firm Perella Weinberg Partners is considering to reshuffle its management and redistribute its partners' stake before going public, sources told Bloomberg. The company is also planning to name Peter Weinberg CEO in connection with the reshuffling.
* Insurance company Arch Capital estimates 2018 fourth-quarter pretax losses of up to $130 million, net of reinsurance recoveries and reinstatement premiums, from catastrophic events.
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