Wirecard Delays Results Again

Wirecard said publication of its results for 2019 would be postponed for the third time as not all audit procedures have been completed. 


 
Bank of Canada Chief Says Significant Stimulus Needed

The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said. 


 
Mortgage Credit Tightens, Creating Drag on Any Economic Recovery

Housing is often the most immediate way the Federal Reserve transmits lower interest rates to the economy, as homeowners refinance to free up cash and as home buying spurs construction and spending. But the downturn and prepandemic regulations are making lenders skittish. 


 
Regulator Says Europe's Banks Are Stronger, but Some May Not Weather Crisis

Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rise, a banking regulator said. 


 
Chinese Developers Drag Asia's Junk-Bond Market Out of the Doldrums

Asia's junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery. 


 
SEC Charges Hollywood Film Executive With Fraud

The Securities and Exchange Commission filed fraud charges against a Hollywood movie executive for stealing money from a BlackRock fund. 


 
Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds

Compliance teams at companies such as PayPal Holdings Inc. and Western Union Co. have been closely monitoring early indicators of fraudulent activities and incorporating them into their investigation processes. 


 
Falcon Nears Target for Sixth Credit Fund

Falcon Investment Advisors is approaching the fundraising target for its sixth credit fund, according to a recent filing with the Securities and Exchange Commission. 


 
CVC Capital Backs Rugby League to Expand Pro Sports Portfolio

London-based CVC invested GBP116 million ($141 million) in the PRO14 league, according to a person familiar with the matter. That would give the rugby union a value of roughly GBP415 million. 


 
Life Insurers Face Future Rate Pain

The coronavirus may pose a bigger challenge to life insurers through markets rather than mortality.