Traders Pick Up Pieces After Outages at European Exchange Giant

A glitch at bourses owned by Euronext left traders with unintended exposures and unsure whether a portion of the trades they placed Monday had gone through. 


 
Berkshire to Pay $4.1 Million to Settle Allegations of Violating U.S. Sanctions on Iran

Treasury Department says one of the conglomerate's Turkish subsidiaries sold cutting tools knowing they would be resold in Iran. 


 
U.S. Banking Regulator Backs New Liquidity Requirements

The board of the Federal Deposit Insurance Corp. voted 3-1 to adopt a final rule to set a so-called net stable funding ratio, obliging large banks to hold enough funding to meet their needs for up to a year. 


 
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges

Goldman Sachs Group will pay about $2.8 billion and admit wrongdoing to end a bribery probe that stretched from Southeast Asia to Hollywood and reinforced a reputation for scandal that the Wall Street firm has spent years trying to shed. 


 
Travelers More Than Doubles Quarterly Income

Property-casualty insurance company Travelers Cos.'s reported an increase in profit and net written premiums for the quarter that ended last month and reported just under $400 million in pretax catastrophe losses. 


 
UBS Profit Doubles on Trading Surge

The Swiss lender said a surge in client trading and deal making is freeing up cash for dividends and share buybacks despite the coronavirus pandemic. 


 
Swedbank Profit Beats Forecast

Swedbank posted a forecast-beating net profit for the third quarter of SEK5.26 billion, as net income commission was boosted by strong stock market conditions. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
RBA Policy Easing Looks Locked-In for November

The Reserve Bank of Australia gave its clearest signal yet that it will cut interest rates further and announce a multibillion-dollar program of government bond-buying in November to help fast-track the economic recovery now emerging in most states. 


 
Ant Nears Giant IPO After Green Light From Hong Kong's Exchange

Hong Kong's stock exchange gave Ant Group approval to proceed with its long-awaited initial public offering in the city, paving the way for what will likely be a record-breaking share sale.

(END) Dow Jones Newswires

10-20-20 1615ET