Europe Proposes New Agency to Tackle Money Laundering Problems 
 

The agency would be part of a broader plan to address failures that have made the region a haven for financial crime.


 
Investors Take Aim at Carver Bancorp as Next Short-Squeeze Target 
 

Individual investors on the hunt for the next stock-market win piled into Carver Bancorp, sending shares of the banking-services company on a wild ride Thursday before finishing 107% higher for the day.


 
Lloyds Fined by U.K. Regulator Over Misleading Insurance Renewals 
 

The Financial Conduct Authority said Thursday that it has issued a GBP90.7 million fine to Lloyds Banking Group relating to the way it handled home insurance renewals between 2009 and 2017.


 
Thoma Bravo Plots Next Fund in Red-Hot Market for Tech Deals 
 

The private-equity firm aims to return to the fundraising trail less than a year after raising $22.8 billion for three technology-focused private-equity funds.


 
Cryptocurrency Operator Circle to Go Public in $4.5 Billion SPAC Merger 
 

Circle Internet Financial issues USD Coin, a so-called stablecoin, a type of cryptocurrency designed to maintain an equal value to the U.S. dollar.


 
Borrowing Is Back as Sign-Ups for Auto Loans, Credit Cards Hit Records 
 

Lenders extended a record number of auto loans and leases in March and issued more general-purpose credit cards than any other March on record.


 
ECB Aims for Slightly Higher Inflation, Stops Short of Fed's Major Shift 
 

European Central Bank officials forged an agreement to aim for slightly higher inflation, but stopped short of the major policy shift unveiled in 2020 by the Federal Reserve.


 
Auditor Watchdog Is Overhauled After SEC Report Cites Years of Dysfunction 
 

The SEC dismissed the entire PCAOB board after a report said the chairman's botched reform plan led to whistleblower complaints and infighting.


 
Investors Trusted Teenagers to Manage Crypto Investments. Now They Want Answers. 
 

The Cajee brothers have disappeared after claiming that hackers stole from their Africrypt investment firm, leaving South African investors scrambling to recoup their money.


 
Danske Bank Raises Profit Outlook 
 

Danish lender Danske Bank raised its 2021 net profit guidance to more than DKK12 billion as a faster-than-anticipated economic recovery has led to lower loan impairment charges and higher customer activity.

(END) Dow Jones Newswires

07-09-21 0015ET