Wells Fargo Fined $250 Million for Problems in Its Mortgage Business
The Office of the Comptroller of the Currency, one of the bank's top regulators, said the lender had failed to fix problems first identified in 2018.
Democrats Advance Plan to Require Employers to Offer Retirement Plans
A Democratic provision in the $3.5 trillion healthcare, education and climate bill would impose fines on employers with more than five workers who don't deduct a portion of workers' paychecks for retirement savings.
CFTC Departure to Leave Five-Person Panel with One Republican, One Democrat
CFTC Commissioner Dan Berkovitz, a Democrat, says he plans to leave on Oct. 15, which could heighten the urgency for President Biden to fill vacancies and nominate a permanent chairman.
Big Four Firms EY, Deloitte Report Higher Revenue
Ernst & Young and Deloitte Touche Tohmatsu both recorded higher revenue for the past fiscal year, allowing them to plan for further investments in services and technologies for clients.
Swiss Re Swiss Forecasts Continued Growth in Premiums
Swiss Re said it expects nonlife insurance premiums to rise 10% above pre-pandemic levels by the end of 2021 and to exceed $7 trillion next year.
JPMorgan to Buy Restaurant-Discovery Service the Infatuation
The deal is the bank's latest effort to cater to big spenders who like to travel and dine out.
Fed's Bostic: Door Remains Open to Bond Buying Taper This Year
Federal Reserve Bank of Atlanta President Raphael Bostic believes the Fed will be able to pull back on its asset buying campaign this year, though he doesn't expect a decision to do so will come at the U.S. central bank's meeting this month.
Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires throughout the day.
Coinbase Says SEC Is Investigating Its Crypto Lending Program
Coinbase co-founder and Chief Executive Brian Armstrong accused the SEC of using "intimidation tactics behind closed doors" to stop his company from launching a lending program.
AIG Combines CEO, Chairman Roles
Chief Executive Peter Zaffino will add the role of company chairman, a move signaling the board's support for him over the long haul.
(END) Dow Jones Newswires