Ant Group Taps Millions of Its Own Users for Early-Bird IPO Funds

The financial-technology behemoth raised nearly $9 billion last week from mutual funds sold on its platform to individual investors, who had to agree to lock up their money for 18 months. 


 
SEC Probes Small 'Odd-Lot' Bond Trades

Mortgage investors' purchases of bonds in odd-lot amounts is drawing the ire of securities regulators, who have argued that some funds use higher marks on the trades to inflate their performance. 


 
Santander Debt Surges as Investors Take a Risky Bet on Redemption

Investors are betting Spanish lender Banco Santander won't be able to make interest payments on a risky form of bank debt. In a strange twist of events, instead of shunning the debt, investors are scooping it up. 


 
Bank of England Questions Lenders on Readiness for Negative Rates

The U.K. central bank asked British lenders to assess their readiness for subzero interest rates, a sign that officials are weighing the merits of a policy that bankers say would heap problems on a sector already weighed down by Covid-19 and Brexit. 


 
What to Expect From Bank Earnings: A Bad Quarter, but Not as Bad as Before

Seven months into the coronavirus pandemic, banks are getting used to a sour economy. 


 
The 100 Most Sustainably Managed Companies in the World

A new ranking by The Wall Street Journal puts Sony at the top, as hardware companies claim 18 of the 100 positions on the list 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Global Companies Are Caught Between New Taxes and a Trade War

The prospect of a higher corporate tax rate isn't so unappealing when set against the risk of a chaotic global trade and tax war. 


 
Top Official Signals ECB Would Allow Inflation to Overshoot

The ECB's chief economist says the eurozone economy faces a rocky patch after an initial rebound from its sharp spring contraction, with inflation still far too weak. 


 
Banks Have a Chance to Come Up for Air

The Wall Street units of the country's biggest banks are expected to have another strong quarter, but the bank index overall is still down nearly 30%, opening a huge gap to the S&P 500's rally. What could help narrow that gap would be surprising resilience in net interest income.

(END) Dow Jones Newswires

10-12-20 1615ET