Citigroup Refocuses in Asia Amid Consumer Pullback
The New York-based bank plans to scale up what it sees as a more lucrative endeavor: serving the rising number of wealthy entrepreneurs and their businesses in Asia.
Morgan Stanley Books Archegos Loss, but Profit Hits a High
The bank lost $911 million when Archegos Capital Management imploded last month, tarnishing a record-setting quarter.
SEC Whistleblower Program Shows Value of Speaking Up, Departing Chief Says
The departing chief of the Securities and Exchange Commission's whistleblower office, who helped lead the unit from its infancy, hopes the growth of the cash-for-tips program will help show the true value of whistleblowers.
New Investors Discover Tax Pitfalls of Robinhood and Other Trading Apps
Common tax-minimizing strategies are difficult or impossible to implement on the trading platforms that have boomed in popularity in the past year.
SPAC Hot Streak Put on Ice by Regulatory Warnings
Investors are getting scared off special-purpose acquisition companies, one of the hottest bets on Wall Street, as regulators intensify scrutiny of SPACs and share prices tumble.
Galaxy Digital Names Ex-Goldman Executive Michael Daffey as Chairman
The appointment is the firm's latest maneuver as it prepares for a U.S. initial public offering later this year.
This Vegan Billionaire Disrupted the Crypto Markets. Stocks May Be Next.
Sam Bankman-Fried founded FTX because he was fed up with existing cryptocurrency exchanges. Now FTX is processing $10.7 billion in trades a day, and he's pushing boundaries into tokenized stocks and other new markets.
Private Equity Hopes for Boost From Biden's Infrastructure Plan
Infrastructure investors in the U.S. hope President Biden's proposal to invest $2.3 trillion in the sector helps revive a sluggish market.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services
Massachusetts Goes After Robinhood's Registration
The move for revocation follows a December filing by the office of William Galvin, the secretary of the commonwealth, that accused the brokerage of aggressively marketing to inexperienced investors.
(END) Dow Jones Newswires
04-19-21 0015ET
