 | | | | The U.S. Justice Department has told Deutsche Bank that it may have violated a criminal settlement when it failed to tell prosecutors about an internal complaint in its asset-management arm's sustainable investing business, the Wall Street Journal reported on Wednesday. | | | | | | A new socially focused fund from star stock picker Cathie Wood's ARK Invest rose 1.5% in its first day of trading Wednesday. | | | | | | Canada Pension Plan Investment Board (CPP Investments) is seeking to sell its Wilton Re and Ascot Group insurance platforms, marking a strategic U-turn for the fund in the face of intense competition, people familiar with the matter said on Wednesday. | | | | | | GameStop Corp reported a bigger-than-expected quarterly loss on Wednesday, as the videogame retailer ramps up its efforts to focus more on online sales. | | | | | | Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled on Wednesday. | | | | | | An ownership battle at SMCP heated up on Wednesday as major shareholders claimed a 16% stake in the French fashion group had been illegally transferred to an offshore account, and a meeting to force a boardroom reshuffle was called for next month. | | | | | | Wall Street closed slightly higher on Wednesday, as investors cheered encouraging news about COVID-19 vaccines from Pfizer and BioNTech. | | | | | | Citigroup Inc is pausing buybacks of its stock this quarter because of the expected impact of a new capital rule related to derivatives risks, Chief Financial Officer Mark Mason said on Wednesday. | | | | | | Office occupancy in major U.S. urban areas topped 40% after Thanksgiving, a post-pandemic high, according to building security provider Kastle Systems. | | | | | | The chair of the U.S. Senate Commerce Committee on Wednesday asked a regulator to investigate whether Meta Platforms' Facebook misled its advertising customers and the public about the reach of its advertisements. | | | | | |
