A U.S. regulator on Monday fined Bank of America Corp. $5 million for failing to report over-the-counter options positions approximately 7.42 million times, making it harder to monitor markets for possible manipulative behavior. The Financial Industry Regulatory Authority said BofA Securities’ failures occurred from 2009 to October 2020, and included 26 options positions that exceeded…
Bank of America Is Fined $5 Million for Failing to Report 7.42 Million Options Positions
KFC, Burger King, and McDonald’s Offering More Vegan Options as Demand Rises
More and more people are now opting for plant-based foods. With the soaring demand, fast-food chains like Yum Brands! Inc.’s KFC, Restaurant Brands International Inc.’s Burger King, and McDonald’s Corp. are offering vegan food to their customers. Even Starbucks Corporation is joining the movement with non-dairy milk. KFC and McDonald’s are rolling out their vegan burgers, and Burger King is unveiling vegan chicken…
Apple Complies With Dutch Watchdog Ruling on Payment Options in Netherlands
AMSTERDAM—Apple said on Saturday it would allow developers of dating apps in the Netherlands to offer non-Apple payment options to their users, complying with an order from the country’s market regulator to do so by Jan. 15 or face fines. The country’s Authority for Consumers and Markets found in a decision published on Dec. 24…
ECB Must Keep Options Open Beyond December Amid Uncertainty: Accounts
November 25, 2021
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FRANKFURT—The European Central Bank must keep its policy options open beyond a crucial meeting in December as uncertainty over the likely evolution of inflation is exceptionally high, policymakers concluded in October, according to the accounts of the meeting. High inflation is still largely seen as temporary but the current “hump” in prices will be more…
Former South African Leader Zuma Sentenced to 15 Months in Jail
JOHANNESBURG—South Africa’s highest court sentenced former President Jacob Zuma to 15 months in jail on Tuesday for failing to appear at a corruption inquiry, and gave him five days to appear before police. Zuma failed to appear at the inquiry led by Deputy Chief Justice Raymond Zondo in February, and the inquiry’s lawyers approached the…
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