U.S. dismissed evidence key U.K. financial institution was assisting fund sanctioned Iranian teams, whistleblower suggests

Key Points

London-based mostly Regular Chartered, which primarily serves clientele in rising marketplaces, was previously punished with extra than $1.7 billion in fines right after admitting in 2012 and 2019 to violating sanctions on Iran and other blacklisted nations around the world.
The lender denies that it ran transactions for any companies specified as terrorists.
Court docket filings delivered by former Typical Chartered Financial institution (SCB) staff turned whistleblower Julian Knight assert that U.S. officials lied by denying that Knight delivered them with evidence of far bigger wrongdoing by the lender.

Resource

Finance

Stocks making the biggest moves after hours: Netflix, Intuitive Surgical, WD-40 and more

October 17, 2024

Check out the companies making headlines in after-hours trading: Netflix — The streaming stock popped more than 4% after third-quarter earnings topped expectations. Netflix earned $5.40 per share on $9.83 billion in revenue, while analysts forecast $5.12 a share and $9.77 billion in revenue. The company also said its ad-tier memberships jumped 35% quarter over […]

Finance

Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more

October 17, 2024

Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong artificial intelligence-related demand. Shares of chip giants Nvidia and Micron each rose about 3% […]

Finance

Why 401(k) plans are the ‘final frontier’ for exchange-traded funds

October 17, 2024

ETF Strategist Why 401(k) plans are the ‘final frontier’ for exchange-traded funds Published Thu, Oct 17 202410:49 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source