Nearly 400 U.S.-listed companies pushed back in a letter Monday against a proposed rule change from the U.S. Securities and Exchange Commission that would exempt the majority of hedge funds from disclosing their stock holdings.
Ally Financial said on Tuesday that it will be adding fintech Sezzle’s installment payments platform to its retail market lending choices, giving customers a "buy now, pay later" option, which has been growing in popularity for online sales.
Sun Life Financial U.S. has added a trio of COVID-19 insurance products to its stop-loss line, including coverage for outbreaks in the workplace, as a way to try to meet the high demand for pandemic-related coverage options.
Deutsche Bank’s chief financial officer continued to express confidence Tuesday that the investment bank will reach restructuring targets by 2022, despite the challenges presented by the COVID-19 pandemic.
Credit Suisse CEO Thomas Gottstein said Tuesday that he expects the firm’s wealth management business to slow down in the third quarter and bank consolidation to continue in Europe as the economy seeks to recover from COVID-19.
Europe’s top banking regulators cautioned banks Tuesday that sustained low interest rates will contribute to growing valuation risks at banks in the European Union and challenge their profits and solvency in the near term.
A co-creator of Facebook’s experimental digital currency Libra is leaving the project before it fully launches to become a general partner with the venture capital firm NFX.
One, a startup founded by PayPal’s first CEO and a former Capital One executive, said on Tuesday that it debuted what it bills as the first combined digital banking service that includes saving, borrowing, spending and sharing.
The U.K. Financial Conduct Authority on Tuesday proposed that customers who renew their home or motor insurance policies be billed the same way as new customers, saying these markets are not “working well” for consumers.
A senior index manager for S&P Dow Jones Indices has been charged in an insider trading scheme based on his knowledge of which companies were about to be added or dropped from indexes that allegedly generated more than $900,000 in profits.
About 59% of family offices have increased their allocations to direct investments for the next 12 months, a sign that the world’s wealthiest families are increasingly seeking returns outside traditional investment funds.
New York state’s financial regulator said Tuesday that it will begin evaluating insurers’ approach to managing climate risk, although the agency stopped short of imposing penalties for noncompliance.
Credit unions score bipartisan support for their opposition to nominal leases for banks on military bases
A bipartisan group of 51 U.S. representatives is urging the House and Senate Armed Services committees to reject a proposal that would treat banks on military bases the same as credit unions when it comes to nominal leases, according to the National Association of Federally-Insured Credit Unions.
Brazil’s Hashdex Asset Management inked a deal with New York-based Nasdaq to offer the world’s first cryptocurrency exchange-traded fund on the Bermuda Stock Exchange.
A group of global businesses led by Bank of America on Tuesday put forward a universal set of standards for measuring and disclosing environmental, social and governance factors in nonfinancial reporting for investors, laying the groundwork for alignment on an issue that has proved slippery despite widespread acknowledgement of its importance.
U.S. Sens. Elizabeth Warren and Bernie Sanders called for heightened federal oversight of banks in the wake of a recent report that flagged the potential laundering of trillions of dollars through the world’s largest financial institutions.
Swedish open-banking firm Tink acquired the aggregation platform of U.K.-based OpenWrks, the startup said on Monday, taking another step in an effort to expand across Europe.
MAPFRE, the largest Spanish insurance group by premium, revealed Monday that its solvency level picked back up in the second quarter after it took a dip in the first, even as COVID-19 and catastrophes drove down profits.
Goldman Sachs has been hired by auto insurtech Root to lead the startup’s preparations for an initial public offering with a target of raising $5 billion to $6 billion, Reuters reported Monday.
Google on Monday upgraded its payment mobile app for Indian users, according to local media reports, bringing secure and contactless options to the country as its mobile-payments market grows aggressively.