Goldman Sachs Cleared to Own All of China Securities Unit

Chinese regulators approved Goldman's application to take full ownership of its local securities business, another step in China's gradual opening of its financial system to major players from the U.S. and elsewhere. 


 
Some Investors Say Bank Pledges on Arctic Drilling Contain Loopholes

Controversy over the funding of Arctic oil-and-gas drilling comes as world leaders and top financiers prepare to gather for the United Nations climate conference on curbing carbon emissions. 


 
MBK Partners to buy Haichang Ocean Park Assets for $1.01 Billion

Private-equity firm MBK Partners Fund has agreed to acquire assets including theme parks from Haichang Ocean Park Holdings Ltd. for $1.01 billion, as the hospitality company aims to cut its debt. 


 
Goldman Sachs Profit Rises on Deal Bonanza

The Wall Street bank said third-quarter profit jumped 60% to $5.38 billion as its investment bankers had their second-best quarter on record. 


 
Tether Hit With $41 Million Fine in Latest Crypto Crackdown

The CFTC accused the stablecoin giant of falsely claiming that it backed each of its digital tokens with an equivalent amount of U.S. dollars. Tether said the issues have since been corrected. 


 
Bitcoin Price Hits $60,000 Ahead of Potential ETF Approval

Bitcoin hit $60,000 for the first time since April as traders bet U.S. regulators will approve the first exchange-traded fund to track the cryptocurrency. 


 
Data Concerns Drag Down U.S.-Listed Chinese Brokers

Shares in Futu and Up Fintech fell sharply, after Chinese state media said the country's tough new data-privacy laws would pose challenges for the online brokers. 


 
Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup

Former Goldman executives look to marry their expertise with retailer's consumers and data to offer financial services. 


 
Fed's Barkin Says He Is Open To Taper Debate

Federal Reserve Bank of Richmond President Thomas Barkin declined to say when he would like the central bank to pull back on its asset-buying stimulus effort, but said that time is drawing closer. 


 
AIA Gets Approval to Start Operations in Hubei Amid China Expansion Push

AIA Group Ltd. has approval to start operations in the central province of Hubei, the latest step in the insurer's bid to step up its business expansion in China.

(END) Dow Jones Newswires

10-18-21 0015ET