Massachusetts Goes After Robinhood's Registration
The move for revocation follows a December filing by the office of William Galvin, the secretary of the commonwealth, that accused the brokerage of aggressively marketing to inexperienced investors.
Citigroup Posts Higher Earnings, Will Trim Consumer Businesses
The New York bank said it would exit its consumer operations in 13 countries, mostly across Asia, to focus on wealth management and other businesses.
Bank of America Profit Doubles
The nation's second largest bank posted earnings of $8.05 billion in the first quarter, up sharply from a year earlier, when lenders began stockpiling rainy-day reserves at the onset of the pandemic.
SoftBank Infusion Meant to Pay Back Credit Suisse Investors Went to Greensill Bank
That $440 million took a detour, complicating Credit Suisse's efforts to recover money owed to investors after Greensill collapsed into bankruptcy.
BlackRock Profit Jumps on Broader Pandemic Recovery
The world's largest money manager posts a profit of $1.2 billion and sees assets under management rise to $9 trillion.
CFO Pay Rises as Their Companies Navigate Coronavirus Pandemic
Median pay for finance chiefs at the largest U.S. companies rose 7% in total during the 2020 fiscal year, largely driven by stock-based compensation.
Chinese Asset Manager Suffers Bond Selloff After Delaying Results
Debt from one of China's biggest asset managers has plunged in value, sending tremors through the market for U.S. dollar bonds of Chinese companies.
JPMorgan Aims to Support Climate-Friendly Investments
Climate activists have for years called on the bank to use its lending power to protect the environment.
Turkey's Central Bank Holds Rates After Erdogan's Latest Shuffle
Turkey's central bank held interest rates steady in the first major decision since President Recep Tayyip Erdogan replaced the institution's chief last month in a move that sparked a selloff in Turkish assets.
Why Barclays Is One of 2021's Best-Performing Bank Stocks
Activity in the U.K. lender's investment banking arm is spurring the recovery, a vindication for Chief Executive Jes Staley.
(END) Dow Jones Newswires
04-16-21 0015ET
