Goldman Fined $350 Million by Hong Kong Regulator Over 1MDB Scandal
A Hong Kong regulator fined a local unit of Goldman Sachs Group $350 million for the investment bank's role in a multibillion-dollar scandal involving Malaysian investment fund 1MDB.
SEB Profit Beat Forecasts
Sweden's SEB posted a better-than expected third-quarter net profit of SEK4.77 billion as net interest income rose while costs remained flat.
Bond Insurance Returns to the Muni Market in a Big Way
The decimated municipal-bond insurance industry is having a renaissance. Weakened by Covid-19, state and local borrowers are using insurance at their highest rates in more than a decade.
Carbon Pledge Lifts Wind and Solar Stocks in China
Chinese renewable-energy stocks have soared recently as investors believe the country's drive to become carbon neutral will fuel heavy investment in wind farms and solar parks.
Ant Group's Giant IPOs Set to Launch After Regulators Clear the Way
The Chinese financial technology giant said investors in mainland China have committed to purchasing more than a third of the shares it plans to sell in a pair of blockbuster initial public offerings.
South Korea, China Expand Currency Swap
The central banks of South Korea and China have renewed and expanded their currency swap deal.
U.K. Regulator Urges Improved Disclosure on Liquidity Risk, Revenue
In its annual review, the Financial Reporting Council found information wanting for 96 companies of the 216 it looked into.
Nasdaq Promotes Chief Accountant to CFO
Ann Dennison will succeed Michael Ptasznik, who will retire at the end of February.
Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin
Central banks around the world are weighing introducing a new kind of money. Here is what you need to know.
U.K. Regulator Pushes Auditors to Sniff Out Fraud
The U.K.'s accounting regulator wants to put the onus on auditors to seek out fraud among their clients after a string of corporate scandals shook the sector.
(END) Dow Jones Newswires
10-22-20 0715ET
