Goldman Sachs Restates Earnings After $3.9 Billion Malaysia Settlement
Goldman Sachs restated its second-quarter earnings lower after reaching a $3.9 billion settlement with the government of Malaysia to resolve an investigation into its work for a corrupt investment fund.
Billionaire Daniel Loeb's Third Point Re to Merge With Sirius Group
Third Point Reinsurance, backed by U.S. hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group, whose majority shareholder in China has been under financial pressure.
NYSE Owner Agrees to Buy Mortgage-Software Firm Ellie Mae
Intercontinental Exchange, the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry.
Hedge Fund Leading Battle Over Neiman Marcus's MyTheresa Faces Inquiry
A prominent hedge-fund manager has been accused of using his influence at investment bank Jefferies to profit from buying shares in MyTheresa, a Neiman Marcus e-commerce spinoff.
Quicken Loans Parent Climbs in Trading Debut
The mortgage lender's stock closed above its initial offering price of $18 a share.
Banking Regulator Fines Capital One $80 Million Over 2019 Hack
A top banking regulator has fined Capital One Financial $80 million over a 2019 hack that compromised the personal information of about 106 million card customers and applicants.
Amazon and Tesla Take Off as Small Investors Embrace Fractional-Share Trading
Trading slivers of individual shares has become a fervent pursuit for thousands of individual investors, amplifying the 2020 rise of pricey yet popular stocks like Amazon and Tesla.
Consumer Lender Pays $21.7 Million Over Mexico Bribery Claims
World Acceptance agreed to pay $21.7 million to resolve claims that a former subsidiary in Mexico paid millions in bribes to that country's government and union officials, the SEC said. The DOJ has declined to prosecute.
Challenge to $14 Billion in Illinois Debt Revived
An appeals court in Illinois has reinstated litigation seeking to block payments on $14.3 billion in municipal debt, saying the attempt to restrain borrowing in the country's worst-rated state isn't frivolous or malicious.
UniCredit Confirms Outlook as 2Q Tops Estimates
UniCredit reported a better-than-forecast second quarter net profit of EUR420 million, despite provisions rising by almost a third, and confirmed its guidance for 2021.
