GameStop Mania Is Focus of Federal Probes Into Possible Manipulation
The U.S. Justice Department has subpoenaed information from Robinhood Markets and others.
The Rise and Fall of the GameStop Frenzy
Shares of the videogame retailer have tumbled in the past two weeks, as has individual investors' interest in the trade.
CFOs Hesitate to Invest in, Handle Bitcoin Due to Volatility
Finance chiefs are watching closely after Tesla disclosed a $1.5 billion purchase earlier this week.
Fintech Fundraising Fuels Hope for U.K. Finance Post-Brexit
British financial-technology startups are raising fresh investment cash as London seeks to preserve its role as a financial hub after the U.K.'s departure from the EU.
Commerzbank Forecasts Lower Revenue in 2021
Commerzbank said it expects slightly lower revenue but a positive operating result in 2021, after the bank recorded a net loss of EUR2.70 billion in the fourth quarter.
Credit Agricole Profit Slides, Hit by Impairments
Credit Agricole posted a below-forecast net profit for the fourth quarter of EUR124 million, with an impairment charge of EUR903 million at its Italian business impacting the bottom-line.
UniCredit Losses Grow, Plans EUR1.1 Billion Return
UniCredit losses grew in the fourth quarter to EUR1.18 billion, as revenue fell but the Italian lender said it plans to return up to EUR1.1 billion to shareholders in 2021.
Zurich Insurance Operating Profit Falls 20%
Zurich Insurance said its operating profit fell to $4.24 billion in 2020, hit by $852 million coronavirus-related costs, but there signs of recovery in the second half of the year.
Bitcoin to Come to America's Oldest Bank, BNY Mellon
The custody bank said it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
(END) Dow Jones Newswires
02-12-21 0015ET
