Saudi Wealth Fund Moves Billions From Blue Chips to ETFs

Saudi Arabia's sovereign-wealth fund has sold shares valued at over $5.5 billion in several multinational corporations just months after buying into them as the financial fallout from the pandemic weighed on stock-market prices. 


 
German Market Watchdog Let Staff Trade in Wirecard Shares

Germany's stock-market regulator allowed its staff to trade Wirecard shares while it was investigating the company, putting the spotlight again on an agency that has come under scrutiny for ignoring red flags about the now insolvent fintech giant for a decade. 


 
Buffett's Berkshire Hathaway Unloads Bank Stocks

Warren Buffett's investment and insurance giant unloaded billions of dollars of bank stocks as the U.S. economy reeled during the coronavirus lockdown, a regulatory filing showed. 


 
Need Financing? Here, Have a Blank Check

Nikola, DraftKings and other upstarts are turning to reverse mergers as a way of going public during the economic downturn. These "blank check" deals offer opportunities-and plenty of risk. 


 
Muni Defaults Surge, but Yields Don't Follow

The coronavirus has dealt a harsh blow to state and local government finances. But the municipal bond market rolls on. 


 
Libor Troubles Deepen as Deadline for Benchmark's Demise Approaches

Regulators and investors say the move to a replacement rate remains on track despite setbacks including the coronavirus pandemic. 


 
Duck Creek Valuation Tops $3.5 Billion as IPO Priced Above Views

The insurance software and services company priced its initial public offering of 15 million shares at $27 apiece. 


 
An AmEx Manager Says She Spoke Up About Sales Problems, Then Got Pushed to the Side

Sophia Lewis was a rising star at American Express. She says she saw co-workers mislead the company about cards they sold. "It was when I started raising red flags," she said, "that things started going downhill." 


 
Finance Chiefs Are on the Move as Pandemic Adds Strain

Finance chiefs are changing jobs again after a slowdown in exits and recruitment in the spring, as the pandemic is forcing them to rethink their business models and adding to an already high workload. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services