Credit Suisse to Pay Fine, Admits Defrauding Investors to Settle Mozambique Charges

The company agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country. 


 
Credit Suisse Spied on Seven Executives, Broke Swiss Rules, Regulator Says

Switzerland's top financial cop says bank's senior management knew about some of the surveillance; firm had blamed rogue employees. 


 
Bank of New York Mellon's Profit Rises on New Business, Asset Growth

The custody bank's results joined rival State Street in beating Wall Street's expectations. 


 
U.S. Lawmakers Turn Spotlight on Private Equity

A group of legislators led by Sen. Elizabeth Warren plans to reintroduce the Stop Wall Street Looting Act this week amid hearings on buyout-firm practices 


 
China PBOC Keeps Loan Prime Rate Unchanged

China's central bank kept its benchmark loan prime rate unchanged, with the one-year LPR at 3.85% and five-year LPR at 4.65%. 


 
First Bitcoin Futures ETF Rises in Trading Debut

The launch of ProShares Bitcoin Strategy ETF is being closely watched on Wall Street, where finding a way to sell securities linked to bitcoin has been a priority for many firms. 


 
Apollo Targets $1 Trillion in Assets, Aiming to Outpace Blackstone

The investment giant expects its assets under management to double by 2026, with the acquisition of its insurance affiliate Athene powering much of the projected growth. 


 
Auto Risks Are Dragging on Insurance Stocks

Slow-moving risks in the auto business seem to be a bigger concern right now for shares of insurers like Travelers than catastrophes such as Hurricane Ida. 


 
Travelers Profit Falls 20% on Hurricane Ida, Auto Claims

The property-casualty insurer reported a quarterly income of $662 million, weighed down by storm-damage and car-wreck-related claims. 


 
Martha Stewart Does NFTs-Jack-o'-Lantern Art and a Seductive Selfie

Alongside her wares for dining, drinking and decorating, the lifestyle guru plans to unveil her first line of digital collectibles on her e-commerce site Tuesday.

(END) Dow Jones Newswires

10-20-21 0015ET