Judge Allows Robinhood Case to Proceed
A Massachusetts judge denied the online brokerage's motion for a preliminary injunction in a case involving state securities regulators. The ruling allows regulators' customer-protection complaint against Robinhood to proceed.
Julius Baer Resolves FIFA-Related Probe by U.S. Prosecutors
The Swiss bank agreed to pay about $80 million to resolve a criminal charge stemming from a U.S. investigation into bribery involving the world soccer federation.
Hong Kong Warns Banks Against Dealing With Jimmy Lai
Hong Kong's security chief told units of Citigroup and HSBC that their employees could face jail time if they deal with the accounts or assets of the pro-democracy newspaper owner.
Venture Firm Earmarks Profits for Historically Black Colleges
San Francisco-based Base10 Partners has raised $250 million to invest in tech companies with a commitment to fund scholarships at historically Black colleges and universities.
Dallas Fed's Kaplan Ready to Discuss Pulling Back on Bond Buying Stimulus
The U.S. job market may be tighter than it appears based on common metrics, according to new research that counted Federal Reserve Bank of Dallas leader Robert Kaplan as a co-author.
HSBC to Exit Most U.S. Retail Banking
The bank will stop serving mass-market individual customers and smaller businesses in the U.S., as it shifts its focus to wealth management and international banking, especially in Asia.
Aviva Forecasts Improvement as New Life Business Dips
Aviva reported a slight fall in new life business in the first three months of the year but a rise in general insurance sales to GBP2 billion, and said it expects an improvement in underwriting profits for the full year.
A Fleeting Opportunity in Chinese Stocks
Foreign investors are piling into Chinese stocks, but those betting on a further jump in the yuan might be disappointed.
Fintech Startup Acorns to Go Public in $2 Billion SPAC Deal
A merger deal with a special-purpose acquisition company values Acorns Grow, a digital savings and investing app, at about $2.2 billion.
Bitcoin's Reliance on Stablecoins Harks Back to the Wild West of Finance
To understand the weakness of stablecoins such as Tether, it is worth a quick history lesson from pre-Civil War American finance.
(END) Dow Jones Newswires
05-28-21 0015ET
