Former RBA Board Member Urges Stepped Up Bond Buying
Former Reserve Bank of Australia board member John Edwards has urged the central bank to ramp up government bond buying, saying it is the best option for further supporting the economy as it tries to shake off the Covid-19 recession.
Traders Pick Up Pieces After European Exchange Outages
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
Berkshire Hathaway has agreed to pay roughly $4.1 million to settle allegations that a Turkish subsidiary violated U.S. sanctions on Iran.
Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein
The law firm Dechert has been selected to examine the business dealings between the private-equity firm's CEO and the disgraced financier.
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
(END) Dow Jones Newswires
10-21-20 0015ET
