Fed Warned Deutsche Bank Over Anti-Money-Laundering Backsliding

The Federal Reserve's frustration with Germany's largest lender has escalated to a point that the bank could be fined, according to people familiar with the matter. 


 
Reports Fault RBNZ's Handling of Sensitive Information

Investigations into data breaches at the Reserve Bank of New Zealand found that the central bank was ill-equipped to handle market-sensitive information despite its crucial role in the economy and financial markets. 


 
SEC Sues Cryptocurrency Promoters Over Deal That Raised $2 Billion

Regulators sued a group of cryptocurrency promoters who helped raise over $2 billion from investors with the promise of 40% monthly returns, in one of the largest cases ever brought over digital assets. 


 
A Pressure Valve Opens for Bank Stocks

The increasing use of a Fed facility to take cash from the market isn't a bad sign for investors in banks with strained balance sheets. 


 
Investors Give Exxon Payback for Frustrations on Strategy and Climate

Some of the world's biggest investment firms helped elect dissident candidates for Exxon's board, saying the energy giant hasn't been responsive to their concerns. 


 
Convertible-Bond Sales Are Soaring in 2021-Often at 0% Interest

Publicly traded companies are selling bonds that can convert into stock at a record pace this year, as they seek to take advantage of low rates and investors' ravenous appetite for fast-growing firms. 


 
Bitcoin Mining Operation Uncovered During U.K. Drug Bust

West Midlands police this week found a warehouse with about 100 computers using stolen electricity to create cryptocurrency. 


 
AMC's Yearly Gain Pushes Past 1,100%, Driven by Small Investors

Shares of AMC Entertainment Holdings have soared 116% this week, with investors' enthusiasm building anew on social media. 


 
Sabadell Sees Key Profit Ratio Above  6% by 2023

Spain's Banco Sabadell aims to boost its return on tangible equity to more than 6% by 2023, as it outlined goals in a plan aimed at slashing costs and bolstering profitability. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services

(END) Dow Jones Newswires

05-31-21 0015ET