Residential mortgage-backed securities in Japan have been insulated from the pandemic-related economic downturn by an uptick in repurchases, particularly among more troubled loans.
The U.K. government may begin to regulate the promotion of cryptoassets for the first time and tighten its restrictions on the promotion of financial products from unauthorized firms, according to new proposals released Monday.
Morgan Stanley has become the first major U.S. bank to commit to disclosing the climate impact of its lending portfolio, as financial institutions globally face increasing pressure to account for their environmental impact.
Munich Re said Monday that it is ditching a suspended share buyback program, as it suffered EUR 700 million ($800.9 million) of pandemic-related losses in its reinsurance business in the second quarter of 2020.
eBay said on Monday that it will expand its end-to-end marketplace managed payments service globally following the expiration of its operating agreement with PayPal.
India’s government is drafting a plan to reduce the number of state-owned banks to just a handful as part of a wider bid to sell off public-sector enterprises and raise funds amid the COVID-19 pandemic, Reuters reported Monday.
Blackstone’s Strategic Partners Fund Solutions unit said Monday that it closed on its third infrastructure secondaries fund at $3.75 billion.
Deutsche Bank said Monday it debuted a new artificial intelligence bot that will assist the clients of its corporate bank division in China in handling reports and customer inquiries.
Swiss Re said Monday that it hired veteran sales executive Carlo Bewersdorf for the newly created position of CEO of its digital insurance platform iptiQ, which is in the process of being turned into an independent division within the company.
Mastercard made a big play on Monday for the growing number of consumers interested in digital currencies.
The Bank of Jamaica invited developers to submit proposals for a central bank digital currency on Sunday, making the island nation the latest in a rapidly growing number of countries to take a step toward adopting a digital alternative to cash.
Bank of New York Mellon subsidiary Pershing has named Emily Schlosser as its new chief operating officer, the New Jersey-based company said Monday, bringing a former Goldman Sachs managing director into Pershing’s fold.
Senior representatives of Goldman Sachs are in Malaysia this week to resume negotiations with the government over a financial settlement for the 1Malaysia Development Berhad scandal, Malaysia’s finance minister said on Monday.
Adjustments by the European Central Bank in calculating leverage ratios has made European banks appear more solvent than they actually are, according to a report from Moody’s published Monday.
Hong Kong’s capital markets regulator said Sunday that it doesn’t expect China’s new national security law to impact how financial institutions do business in the city, even as reports emerge that banks are increasing scrutiny of clients in response to the statute.
Chinese fintech Ant Group, which is controlled by Alibaba Group co-founder Jack Ma, said on Monday that it will have an initial public offering in both Hong Kong and Shanghai.
Small and medium-sized businesses in Australia will be eligible for loans to help them through the coronavirus pandemic for at least another year, with the maximum loan they can receive quadrupled, the government said Monday.
Standard Chartered is deepening its ties to China with plans to invest HKD 310 million ($40 million) to set up a new center in Guangzhou, as Beijing aims to transform the coastal Greater Bay Area region into an international financial hub.
Seeking to put worried investors at ease, Ukraine’s new central bank governor said Monday that the institution will remain politically independent, push ahead with interest rate cuts and maintain cooperation with international financial organizations.
Royal Bank of Scotland on Monday told employees that a “vast majority” of them will not have to return to the office until next year, even as the U.K. government prepares to ease mandatory workplace restrictions to curb COVID-19 next month.