Your Daily Dose of Financial News

Demolition of an old house

British Bank Standard Chartered agreed on Tuesday “to pay $1.1 billion to settle allegations by the authorities in the United States and Britain that it violated anti-money laundering laws and economic sanctions.” The regulators had accused Standard Chartered of processing hundreds of millions of dollars for years from countries barred from participating in the American economic system – NYTimes and WSJ and Law360

Checking in with PM May and her Brexit “begging tour” in Berlin and Paris, where she’s been pleading for more time “to salvage her faltering withdrawal plans” – NYTimes and Bloomberg and WSJ

Investors are anxiously awaiting Uber’s IPO public filing, which could come as early as tomorrow, so that they can get their hands on the ride-hailing company’s financials ahead of what’s expected to be a May trading date – Bloomberg and MarketWatch

Boeing not only delivered fewer Max 8 aircraft last month, but it didn’t book any commercial orders of its formerly most-popular model—the “first month without a sale of the . . . aircraft in almost seven years” – WSJ

China’s one of the cryptocurrency mining capitals of the world, but despite this and its initial embrace of digital currencies, the country’s on the verge of adding crypto mining to a list of roughly 450 industries that it proposes to eliminate altogether. China’s top economic planning body said it would seek public comment until early May until making a final decision – NYTimes

The Fed drops its March meeting minutes today – WSJ

Wynn Resorts has “abruptly called-off” talks with Australia’s Crown Resorts Ltd. over a potential $7.1 billion takeover, citing Crown’s “premature disclosure of preliminary discussions.” The deal would’ve helped Wynn gain a foothold in its second international market beyond Macau – WSJ

Just days after dismissing a spoofing conspiracy charge against a software developer, Illinois federal Judge Robert Gettleman declared a mistrial on the remaining charges after jurors told him they were deadlocked on two aiding and abetting charges after a full day of deliberations – Law360

A bit of pre-IPO direct offering buzz about the latest tech darling to go public, Slack – Bloomberg

Wells Fargo has agreed to sell off its retirement and trust business to Principal Financial Group for $1.2 billion, a deal that’s expected to officially close in Q3 2019. The division reportedly had $827 billion in assets under management as of the close of 2018 – WSJ and Law360

With Easter weekend rapidly approaching, seems like the right time to take a look at the renaissance of sorts of the 50’s-popularized spiral-cut ham – NYTimes


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