 | | | | Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses. | | | | | | Jeremy Barnum is not the hard-charging, power-hungry type that people often associate with those in the top echelons of Wall Street. | | | | | | Kentucky's state securities regulator is investigating plant-based plastics maker Danimer Scientific (DNMR.N) after a financial researcher told the office that the newly public company failed to make certain material disclosures. | | | | | | Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". | | | | | | Robinhood Markets Inc on Thursday unveiled a new platform that will give retail investors the opportunity to buy shares in initial public offerings, something that has long been the exclusive domain of Wall Street funds. | | | | | | Santander (SAN.MC) expects to triple revenues in its payments business PagoNxt to around 1 billion euros ($1.2 billion) in the next few years as it moves to compete with major players in the business such as Apple Pay and Stripe. | | | | | | Morgan Stanley (MS.N) announced a slew of leadership changes on Thursday, firing the starting gun on the competition to replace Chief Executive Officer James Gorman in the coming years. | | | | | | UBS (UBSG.S) said a fine imposed on it by the European Commission for anti-competitive behaviour would have an impact of about $100 million on its second-quarter results, adding that it was considering an appeal. | | | | | | European Union antitrust regulators fined UBS (UBSG.S), UniCredit (CRDI.MI) and Nomura (8604.T) 371 million euros ($452 million) on Thursday in connection with a European government bond trading cartel. | | | | | | China is tweaking its $1.2 trillion pension system to increase private sector involvement as its population ages rapidly and underfunding looms, but experts say fundamental changes are needed to provide adequate safety nets. | | | | | |
