Regulators Say Wells Fargo Isn't Doing Enough to Police Customer Crimes

The bank is facing a lawsuit claiming that it failed to detect an alleged Ponzi scheme. 


 
Morgan Stanley Agrees to Pay $6.5 Million Fine in Agreement With AGs Over Compromised Customer Information

Morgan Stanley Smith Barney failed to decommission its computers and erase unencrypted data in certain computer devices, the attorney generals said. 


 
Republicans Heap Pressure on FDIC's Gruenberg Over Claims of Toxic Workplace

The Journal reported that the environment at the bank regulator had driven many female bank examiners to quit. 


 
Advent Fintech Platform to Buy myPOS, Betting on Small Businesses

The private-equity firm set up payments company Al Circle Bidco to serve small merchants in Europe, a group historically underserved by banks. 


 
Is the Stage Set for a Year-End Rally?

With the good news about inflation and earnings already priced into the market, and bond yields offering stiff competition, there is less room for the usual seasonal rally. 


 
Zurich Insurance Confirms Midterm Goals

Zurich Insurance confirmed its targets through 2025 set last year and announced new cost-savings goals, but the lack of detail on capital returns disappointed some analysts. 


 
Aegon Lifts Full-Year View

Aegon raised its 2023 guidance as it reported better-than-expected third-quarter gross operating capital generation on business growth and improved underwriting variances. 


 
Kimmeridge's Neda Jafar Says Raising Oil Investment Funds Takes 'Resilience'

The private-equity firm recently raised more than $1 billion to back companies in the oil and gas markets. 


 
Financial Services Roundup: Market Talk

Gain insight on Mexican insurers, Falcon's Beyond, Sun Life, Barclays and more in the latest Market Talks covering Financial Services. 


 
FDIC Chair, Known for Temper, Ignored Bad Behavior in Workplace

Martin Gruenberg set a tone that left alleged harassment and discrimination unpunished at the bank regulator. After a WSJ investigation, he came under scrutiny at congressional hearings.


(END) Dow Jones Newswires

11-17-23 0015ET