News Highlights: Top Financial Services News of the Day
|06/11/2021 | 12:16am|
Judge Dismisses Anti-Money-Laundering Charges Against MoneyGram
The order concludes a settlement agreement the company entered into in 2012 for failing to prevent mass-marketing and consumer-fraud phishing schemes.
Bitcoin, Other Crypto Assets Targeted for Stiff Banking Regulation
The top global standard setter for banking regulation proposed a strict new rule that would require banks to essentially set aside a dollar in reserves for every dollar of bitcoin they own.
Chinese Police Arrest 1,100 People for Crypto Money Laundering
The crackdown on illegal activities comes amid an effort by Chinese authorities to restrain cryptocurrency trading and mining. It follows broader efforts to guard against financial risk and reduce energy consumption in the country.
ECB to Keep Monetary Stimulus in Place
The central bank, which upgraded its economic outlook for the eurozone, signaled a possible divergence with the Federal Reserve, which could begin discussing an eventual wind-down of its easy-money policies next week.
Stanford Ponzi Liquidators Get Nothing From TD Bank
Toronto-Dominion Bank defeated a lawsuit that sought nearly $4.3 billion in damages over allegations the institution ignored red flags about R. Allen Stanford's financial empire before it was exposed as one of the largest-ever Ponzi schemes.
Fintech Investors Are Hitting the Marqeta
A little-known but widely used card-payments enabler behind Square, DoorDash and others will be a major play for investors betting on digital commerce.
Robinhood and Didi to Kick Off a Hot IPO Summer
Bankers estimate that initial public offerings could raise some $40 billion in the coming months, the most ever during a summer stretch.
Coinbase Teams Up With 401(k) Provider on Crypto
Workers at participating companies could invest up to 5% of their account balances in cryptocurrency.
Asset Managers in Europe Look for Deals to Bulk Up
More European asset management mergers and acquisitions have been announced so far this year than in the corresponding period in the three years prior, according to data provider Dealogic.
Ledger, a Crypto-Security Startup, Raises $380 Million
Latest round hoists valuation of French seller of crypto hardware and software to $1.5 billion.
(END) Dow Jones Newswires