JPMorgan Chase & Co

Asian stocks fall on concerns about fresh lockdowns, banking sector

by
Asian stocks fall on concerns about fresh lockdowns, banking sector

NEW YORK: Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks. JPMorgan Chase & Co and Bank of New York Mellon Corp on Monday fell 3.1% and 4.0%, respectively, while HSBC Holdings Plc and Standard Chartered … Read more

A hedge fund bailout highlights how regulators ignored big risks

by
A hedge fund bailout highlights how regulators ignored big risks

By Jeanna Smialek and Deborah B. Solomon WASHINGTON: As the coronavirus began shuttering the global economy in March, critical parts of US financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities were well known, the legacy of risk-taking outside of regulatory reach. To head off a devastating downward spiral, the … Read more