Retail Trading Surge Drives Newbie Investors to Bet Big on Gaming

Some sports bettors and newbie investors who have turned to the stock market for action in recent months are placing their wagers on a new gambling-themed exchange-traded fund. 


 
Wirecard Scandal Makes Tech Investing Even More Expensive

The implosion of Wirecard doesn't mean there is reason to doubt the accounting of other European fintech companies, but there is reason to doubt some frothy valuations. 


 
The Pitfalls of America's Ant Army of Retail Stock Traders

Asian markets dominated by retail traders tend to be more volatile, pricing is more erratic and fundamentals matter less. 


 
Chinese Energy Company Defaults on Dollar Bonds

Hilong Holding, a provider of oil-field services and equipment, said it wouldn't be able to repay holders of a maturing dollar bond-the latest offshore default by a Chinese borrower. 


 
Wirecard Says Missing $2 Billion Probably Doesn't Exist

The announcement leaves the company, once considered Germany's pre-eminent fintech player, fighting for survival. It is now scrambling to retain credit lines with lenders and cut costs or sell business lines to stay afloat. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
SEC's Jay Clayton Thrust Into Political Minefield

The choice of Securities and Exchange Commission Chairman Jay Clayton as U.S. attorney in Manhattan inserts him into the kind of political drama he has mostly avoided in his career. 


 
Short Sellers Made $2.6 Billion Off Wirecard's Plunge, but Not Without Scars

Short sellers have been attacking the German fintech company's business practices for over a decade with little reward-until now. 


 
Carlyle Joins Oak Hill in Creating a New Insurance Holding Company

The two firms are placing brokerage operations into Galway Insurance Holdings. 


 
Fed to Assess How Banks React to Possible Covid-19 Scenarios

The Federal Reserve will use an analysis of large banks' ability to withstand various coronavirus-related recession scenarios as it forms policies on capital requirements, dividends and stock buybacks, a top central bank official said.