SAN FRANCISCO (Reuters) – Tesla Inc said on Friday it had received a subpoena from the U.S. Securities and Exchange Commission over forecasts it made about Model 3 production in 2017, a set of targets the electric vehicle company failed to hit on time. ...Read More

WASHINGTON (Reuters) – A leading bank regulator on Tuesday fined Capital One Bank [COFCO.UL] $100 million for failing to enforce anti-money laundering controls that have been in place for years. Capital One failed to satisfy a 2015 consent order that demanded the bank improve ...Read More

 which Barron’s recently declared the largest independent online financial adviser, is betting that the future of online investing includes a blend of robot and human advisers. And the plan is working, according to chief executive Jon Stein. However, incumbents like Vanguard have leveraged existing strengths to ...Read More

A decade since Lehman Brothers bank collapsed, the world’s top lenders largely meet tougher capital requirements aimed at averting a repeat of the ensuing markets meltdown, regulators said on Thursday. The Basel Committee of regulators said that, as of December 2017, the world’s 111 ...Read More

One day after JPMorgan Chase & Co.’s Jamie Dimon boasted that he’s smarter than Donald Trump and could beat him in an election, the U.S. president fired back, saying it’s Dimon who lacks brains. “The problem with banker Jamie Dimon running for President is ...Read More

U.S. securities law can be used to prosecute fraud cases over cryptocurrency offerings, a New York federal judge ruled on Tuesday in what appeared to be the first court decision to address the issue. The ruling from U.S. District Judge Raymond Dearie in Brooklyn ...Read More

The Intercontinental Exchange, the operator behind the New York Stock Exchange, has announced that it is creating a new company called Bakkt that will hold and manage people’s cryptocurrency. The platform will be powered by Microsoft cloud tech and plans to begin with trading and converting ...Read More