TD Bank Probe Tied to Laundering of Illicit Fentanyl Profits

The Canadian bank faces three other U.S. probes into its anti-money-laundering controls. 


 
Buffett Rules Out 'Eye-Popping' Returns. But Investors Aren't Listening.

Berkshire is poised to hit a $1 trillion valuation as investors gather this weekend for its annual shareholder meeting 


 
Elliott and Warren Buffett Are Now Both Bullish on Japan

Hedge fund Elliott has built a position in Sumitomo, joining Berkshire Hathaway. The trading firm's shares are up 10% this week. 


 
The Treasurys Market Is Getting Squeezed From All Sides

Inflation and deficits are lifting yields and jarring the stock market. 


 
SEC Ends Probe of Barry Diller, David Geffen Trades Before Activision-Microsoft Deal

Regulators have ended an investigation into bets that they made on Activision Blizzard before the videogame company agreed to be acquired by Microsoft. 


 
Standard Chartered Posts Higher Profit on Trading Gains

The London-based bank posted a rise in first-quarter net profit due to higher trading income despite lower earnings from lending. 


 
ING Continues Buybacks to Boost Captial Ratio

ING shares rose after the Dutch lender said it plans to buy back up to EUR2.5 billion of shares and reported a first-quarter profit driven by income from fees and interest rates. 


 
Fed Chair Jerome Powell Projects Optimism, But Inflation Data Are in the Driver's Seat

Some analysts warn of limits as to how long the central bank can keep interest rate increases off the table. 


 
Financial Services Roundup: Market Talk

Find insight on BBVA, Raiffeisen Bank International and more in the latest Market Talks covering the Financial Services sector. 


 
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says

Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having 'more traction' than in the U.S.


(END) Dow Jones Newswires

05-02-24 1615ET