Fed's Daly Says More Fiscal Support Important for Recovery
Federal Reserve Bank of San Francisco President Mary Daly said Wednesday that reduced government support efforts will slow the economic recovery if they aren't restored.
Ernst & Young Loses Two German Clients Amid Wirecard Scandal
Commerzbank and DWS chose to drop the accounting firm's German affiliate. Both would face conflicts of interest if they decided to sue EY for any role it played in auditing Wirecard, while also being audited by it.
Robinhood Faces SEC Probe for Not Disclosing Deals With High-Speed Traders
The company faces a civil fraud investigation over its early failure to fully disclose its practice of selling clients' orders to high-speed trading firms, people familiar with the matter said.
Fed's Williams: New Policy Regime Will Help Fed Achieve Job, Inflation Goals
Federal Reserve Bank of New York leader John Williams said the central bank's plan to allow inflation to overshoot its 2% target to compensate for times when it runs short of that goal will help the central bank better achieve its job and inflation goals.
Thomas Laubach, a Top Adviser to Federal Reserve Chairman, Dies
Thomas Laubach, a top adviser to Federal Reserve Chairman Jerome Powell who led the central bank's division of monetary affairs, died at his home in Kensington, Md., after being treated for pancreatic cancer.
After Stock Split, Tesla's Share-Sale Plans Boost Bonds
Prices for Tesla's traditional bond due in 2025 reached a record 104.36 cents on the dollar Tuesday, after the electric-car maker said it would sell up to $5 billion in stock.
Germany Launches Novelty Green Bond After Sweden's Debut
Germany and Sweden, two sovereigns in Europe's small pool of triple-A rated countries, launched their inaugural green bonds one day after the other.
Credit-Card Providers Scramble to Update Customer Benefits as International Travel Ban Drags On
Credit-card issuers' revenue has been hit by declining consumer spending during the pandemic and its resulting economic disruption. But the card companies also are grappling with a longer term issue: keeping customers happy with rewards that suddenly look a lot less enticing, especially in the realm of travel.
Credit Suisse Faces Enforcement Proceedings Over Spying Scandal
Switzerland's financial regulator said it had started enforcement proceedings against Credit Suisse over the physical surveillance of two bank executives last year.
Zurich Insurance Accelerates Digital Offering
Zurich Insurance said it would accelerate the development of its digital services through the creation of a new unit and several executive appointments.
