Barclays Swings to Profit but Sees Persistent Headwinds
Chief Executive Jes Staley sounded a cautiously optimistic note about the U.K. bank's prospects of rebounding from the coronavirus pandemic after it posted a profit in the third quarter.
Chinese Fintech Company Lufax Seeks Up to $2.4 Billion in U.S. IPO
Lufax, a smaller rival to Chinese financial-technology giant Ant Group, is seeking to raise as much as $2.4 billion from an initial public offering in the U.S.
Wall Street Profits Soar During First Half of 2020
Wall Street profits jumped 82% in the first half of this year, a rare bright spot for the city and state's pandemic-ravaged budgets.
LSE Revenue Edges Higher
London Stock Exchange posted a 1% rise in third quarter revenue to GBP524 million, with gross profit also increasing, helped by cost cuts.
Nordea Beats on Profit
Nordea Bank posted a forecast-beating third-quarter net profit, boosted by higher lending, lower costs and loan loss reversals and reiterated its full-year targets.
Goldman to Recoup, Cut Executives' Pay After 1MDB Fines
Goldman Sachs is seizing or withholding $174 million from executives including CEO David Solomon after agreeing to a costly settlement to resolve government investigations into its role in a Malaysian bribery scandal.
Australian Financial Regulator Head Steps Aside for Expenses Inquiry
The head of Australia's financial regulator has stepped aside after the government auditor found that relocation expenses related to his move from the U.S. pushed his total remuneration past the maximum permitted.
Pension Backers Focus Fresh Attention on Apollo Founder's Ties to Jeffrey Epstein
Several pension backers of Apollo Global Management have expressed concern after a recent news report about financial ties between Leon Black, the firm's co-founder, and the late Jeffrey Epstein, who killed himself while awaiting trial on sex-trafficking charges.
SEC Whistleblower Program Awards Tipster a Record $114 Million
The whistleblower, who was not identified, gave the SEC and another agency 'substantial, ongoing assistance' critical to bringing successful enforcement actions.
Goldman Sachs Malaysia Subsidiary Pleads Guilty in 1MDB Case
A unit of Goldman Sachs pleaded guilty to conspiring to violate U.S. antibribery laws, the first step in an expected resolution of a long-running investigation into its role in a Malaysian corruption scandal.
(END) Dow Jones Newswires