Top 5 Things to Know in the Market on Monday, September 21st
Top 5 Things to Know in the Market on Monday, September 21st Investing.com | Sep 21, 2020 06:45AM Et By Geoffrey Smith Investing.com -- Stocks are set to tumble on a cocktail of bad news: the virus is surging again in Europe, while the death of Supreme Court Justice Ruth Bader Ginsburg threatens to distract lawmakers from the business of passing a fiscal stimulus package. Bank stocks are under pressure after a weekend report alleging massive complicity in processing illicit funds, while Nikola's founder chairman Trevor Milton has stepped down amid allegations of fraud. Here's what you need to know in financial markets on Monday, September 21st. 1. FinCEN Files send bank stocks tumbling Leaked files from the U.S. Treasury’s Financial Crimes Enforcement Network showed that dozens of global banks had failed to monitor and prevent trillions of dollars of suspect payments passing through their systems over numerous years. While much of the detail was largely historical, the dum