Bank of America Hit With $1.2 Billion Penalty Over Money-Laundering Failures
Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.
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Tuesday
16 news articles · 2 briefs
Bank of America faces about $1.21 billion in combined penalties and settlements after regulators found failures to report suspicious activity and enforce sanctions.
Anthropic plans to share third-quarter results at an October 14 investor meeting as it prepares for a potential IPO, according to CNBC.
Alibaba’s Qwen Glasses N1 go on sale in China from 2,999 yuan, with eye tracking on the Pro model and new Bose-developed Qwen Clip earbuds extending its AI push.
BYD’s premium Denza brand could launch its own European car-finance operation in 2027, using leasing and loan offers to challenge BMW and Mercedes-Benz.
Fred Ehrsam is backing Primavera with his own money as the startup prepares to operate Venezuelan oil fields, Bloomberg reports, bringing crypto wealth into crude production.
Apple launches the $299 HomeView alongside new TV and HomePod devices, giving AAPL a fresh opportunity to sell hardware and subscriptions while the EU is excluded.
DRW and Marex execute a swap on Canton using S&P’s tokenized iBoxx bond benchmark, connecting licensed data and trade valuation through Derivnex.
Citi reports EPS of $2.85 and revenue of $23.85 billion, beating forecasts as Services and trading grow. Jane Fraser expects returns to exceed this year’s target.
JPMorgan’s Q3 profit rises to $15.31 billion, but adjusted EPS and managed revenue miss forecasts as fixed-income trading weakens and expenses climb.
Johnson & Johnson lifts its 2026 adjusted earnings outlook after a Q3 beat, as newer medicines support growth and a talc charge weighs on reported profit.
SK hynix drops 10.09% and Samsung loses 7.39% as memory competition and AI funding concerns drive Asian and European selling, with U.S. chip stocks lower in premarket trading.
UnitedHealth lifts its 2026 adjusted earnings outlook to at least $20.50 per share after a Q3 beat, while elevated medical costs remain a key test.
The Getty family and Koch affiliates commit up to $533 million to a restructuring that would take Getty private and leave existing common shareholders with no recovery.
Huawei reaches 28% of China’s AI-accelerator shipments as Nvidia’s share falls to 34%, highlighting export restrictions and stronger domestic competition.
Morgan Stanley now expects tokenized-equities support in Q1 2027, as product availability and market infrastructure push its earlier timetable back.
Visa receives Chinese central-bank approval to prepare a domestic bankcard-clearing institution, with an operating license still required before launch.
Samsung and SK hynix tumble on CXMT competition fears as South Korea approves blocks on 27 crypto websites and prepares for a 2027 digital-asset tax.
Nvidia’s planned French investments span robotics, business planning and materials research, with healthcare platform Doctolib also included.
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