News Highlights: Top Financial Services News of the Day - Monday at 7 AM ET
Whistleblowers, Yachts and Lawyers: FTX Examiner's Key Takeaways
FTX paid more than $25 million to seven whistleblowers, an independent examiner found. Here's what else was in the 210-page report.
Walmart and Capital One End Credit-Card Partnership
The retailer has been trying to sever ties with Capital One for over a year.
Morgan Stanley's Gorman Will Step Down as Chair This Year
James Gorman had retained his chairman role when he retired as CEO at the end of 2023.
SEC Widens Accessibility of Crypto Investing With Approval of ETFs for Ether
The new funds will allow mainstream investors to buy and sell the cryptocurrency as easily as stocks or mutual funds.
Toronto-Dominion Bank Fired More Than a Dozen in Wake of Anti-Money-Laundering Failings, Source Says
Chief Executive Bharat Masrani said the bank took action against responsible employees, including termination, but didn't disclose specific numbers.
FTX Examiner Backs Sullivan & Cromwell as Failed Exchange's Bankruptcy Counsel
An examiner appointed to investigate Sullivan & Cromwell's role as main bankruptcy attorneys for FTX largely affirmed an earlier ruling by a bankruptcy judge that the law firm didn't have any significant conflicts of interest that should have disqualified it.
Hargreaves Lansdown Jumps After Becoming a Private-Equity Takeover Target
Hargreaves Lansdown shares rose to their highest price in more than two years after the U.K.'s largest direct-to-consumer investment platform rejected a surprise $5.9 billion takeover offer from a private-equity consortium.
Aviva Backs Guidance After Rise in Premiums
The insurer and asset manager said it was on track to meet targets after its general insurance gross written premiums reached $3.4 billion for the first quarter.
Julius Baer Flags Recovery in Client Activity
The private bank's assets under management stood at $514 billion at the end of April, boosted by a positive currency impact and strong stock markets which was partly offset by lower bond market valuations.
Financial Services Roundup: Market Talk
Find insight on Credit Karma, Canadian lenders, TD Bank and more in the latest Market Talks covering the Financial Services sector.
(END) Dow Jones Newswires
May 27, 2024 07:15 ET (11:15 GMT)
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