JPMorgan Faces Possible Fine Related to Internal Controls

The bank said the potential fine was related to issues with "internal controls and internal audit over certain advisory and other activities." 


 
Wirecard Probe Criticizes Germany's Financial Supervisor

Europe's top markets watchdog said it found a series of problems with Germany's regulatory oversight and handling of Wirecard, the fintech darling that collapsed amid allegations of fraud. 


 
BNP Paribas Profit Steady as Trading Booms

The French bank's net profit held steady in the third quarter as income from trading securities offset a decline in retail banking earnings. 


 
Real Estate Slump Forcing Big Funds to Delay Investor Redemption Requests

Some of the most conservative real-estate funds are suffering from falling property values, putting their fund managers in a tough spot as investors look to cash out. 


 
PayPal's Growth May Fade, but Its Future Is Still Bright

PayPal may no longer be able to count on a historic transition from the checkout counter to online and touchless payments. But investors shouldn't abandon the stock yet. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Australia's RBA Cuts Cash Rate to Near Zero to Fuel Economic Recovery

The Reserve Bank of Australia on Tuesday cut its official cash rate to near zero and announced a $70.57 billion quantitative easing program, seeking to power up the economic recovery that is tentatively emerging across the country 


 
Citigroup Names New Consumer Banking Head

The bank's incoming CEO, Jane Fraser, is tapping one of her top lieutenants, Anand Selva, to replace her as head of the consumer bank. Citigroup's longtime chief risk officer will step down at the end of the year. 


 
Lawmakers Press for Answers on Allen Stanford Ponzi Cleanup

A bipartisan group of congressional lawmakers is urging a U.S. regulator to shake up the receivership cleaning up after R. Allen Stanford's $7 billion Ponzi scheme, saying the money recovered from the fraud is insufficient. 


 
Wall Street Fines Peaked in 2020, Driven by Sums From Big Cases

Fines for wrongdoing on Wall Street and other securities-related cases hit a record $4.6 billion this year, despite a pandemic that shuttered courts for months and sent government enforcers home to do their jobs.

(END) Dow Jones Newswires

11-03-20 1615ET