In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew, File)
In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew, File)JPMorgan Chase has opened north of 120 branches this year and will continue to plow ahead with expansion while many smaller rivals opt to shutter brick-and-mortar locations amid a pandemic-accelerated shift to digital banking, an executive said.

In this photo, a woman walks below a Google sign on the campus in Mountain View, Calif. (AP Photo/Jeff Chiu, File)
In this photo, a woman walks below a Google sign on the campus in Mountain View, Calif. (AP Photo/Jeff Chiu, File)India plans to limit the share of transactions that can be managed by third-party processors on the country’s most popular digital payments platform, prompting Google, a top player in the rapidly growing space, to warn that the move could stifle innovation.

The logo hangs outside a branch of Lloyds Bank in London, Thursday, Jan. 28, 2016. (AP Photo/Kirsty Wigglesworth)
The logo hangs outside a branch of Lloyds Bank in London, Thursday, Jan. 28, 2016. (AP Photo/Kirsty Wigglesworth)The U.K.’s largest commercial lender Lloyds Bank and London-based working capital fintech Demica said Friday that they teamed up on a new supply chain finance platform for Britain’s businesses, as such projects pose increasing appeal during the COVID-19 pandemic.

A bucket-wheel excavator works in the Garzweiler surface coal mine, in Germany, Sept. 24, 2020. (AP Photo/Martin Meissner)
A bucket-wheel excavator works in the Garzweiler surface coal mine, in Germany, Sept. 24, 2020. (AP Photo/Martin Meissner)An alliance of global investors managing $5 trillion in assets sharply cautioned portfolio companies against involvement in thermal coal projects Friday, noting possible divestment as its members decarbonize their investments.

The New York Stock Exchange in New York, New York. (Photo by Aditya Vyas on Unsplash)
The New York Stock Exchange in New York, New York. (Photo by Aditya Vyas on Unsplash)Canadian investment and wealth management company CI Financial declared Thursday that it applied to list its common shares on the New York Stock Exchange, just as the firm surpassed 10 acquisitions of U.S.-based registered investment advisors in 2020.

Insurance Commissioner Ricardo Lara is moving to keep insurance companies from canceling homeowners' policies(AP Photo/Rich Pedroncelli)
Insurance Commissioner Ricardo Lara is moving to keep insurance companies from canceling homeowners' policies(AP Photo/Rich Pedroncelli)Insurers won’t be allowed to not renew or cancel certain residential property policies in California for one year, the state’s insurance commissioner declared Thursday, as the regulator of the largest U.S. insurance market continues to fret about the availability of homeowners insurance amid devastating wildfires.

A view of Munich, Germany, where reinsurer Munich Re is headquartered. (Photo by Philipp Bachhuber on Unsplash)
A view of Munich, Germany, where reinsurer Munich Re is headquartered. (Photo by Philipp Bachhuber on Unsplash)Munich Re expects a continued sizable impact from event cancellations through the end of the year, notwithstanding a recent decision to suspend the sale of pandemic-related coverage for business losses in new property and casualty insurance contracts that the reinsurer’s financial chief stated Thursday affects “pretty much all lines of business.”

La Vela, the main building of BBVA’s headquarters in Madrid, Spain. (Photo by Joel Filipe on Unsplash)
La Vela, the main building of BBVA’s headquarters in Madrid, Spain. (Photo by Joel Filipe on Unsplash)Banco Bilbao Vizcaya Argentaria said Wednesday that it teamed with Amazon Web Services and Bloomberg to develop “one of the most cutting-edge platforms available in the financial markets sector,” which will be used for its corporate and investment banking unit’s equity markets area.

Clouds are lit up by the rising sun behind the CN Tower in downtown Toronto, Sunday, July 26, 2015. (AP Photo/Julio Cortez)
Clouds are lit up by the rising sun behind the CN Tower in downtown Toronto, Sunday, July 26, 2015. (AP Photo/Julio Cortez)Canadian company CI Financial continued to augment its U.S. wealth business, declaring Tuesday that it took a majority interest in Texas-based Stavis & Cohen Financial, which has $570 million in assets, its seventh acquisition of an American registered investment advisor this year.

President Donald Trump campaigned in 2016 on a promise to withdraw the U.S. from the Paris climate accord, and initiated the process in November 2019. (AP Photo/Evan Vucci, File)
President Donald Trump campaigned in 2016 on a promise to withdraw the U.S. from the Paris climate accord, and initiated the process in November 2019. (AP Photo/Evan Vucci, File)A half-dozen global investor organizations and nonprofits representing tens of trillions of dollars in assets implored the U.S. to rejoin the Paris climate accord Wednesday, as the withdrawal initiated by President Donald Trump became official and the country awaits the conclusion of a close election in which challenger Joe Biden promised to reverse course.

Allstate Company sign is seen in front of Allstate company in Northbrook, Ill., Tuesday, April 7, 2020. (AP Photo/Nam Y. Huh)
Allstate Company sign is seen in front of Allstate company in Northbrook, Ill., Tuesday, April 7, 2020. (AP Photo/Nam Y. Huh)State Farm must pay more than $10 million, Allstate will cough up over $1 million and American International Group was fined more than a half-million dollars after New York’s state financial regulator said it identified “numerous violations” of insurance laws related to personal automobile claims practices, policy cancellations and notice requirements.

AXA CEO Thomas Buberl speaks to shareholders. (AP Photo/Thibault Camus)
AXA CEO Thomas Buberl speaks to shareholders. (AP Photo/Thibault Camus)AXA’s revenue for the first nine months of 2020 fell 8% from a year prior, to EUR 73.4 billion ($85.9 billion), the world’s largest insurer said Tuesday, while reaffirming its estimate for a “limited impact” from claims related to the second wave of COVID-19 lockdowns.

Street signs on Wall Street in New York, New York. (Photo by lo lo on Unsplash)
Street signs on Wall Street in New York, New York. (Photo by lo lo on Unsplash)The ability of the largest U.S. banks to remain solvent during an extended recession hinges on continued government support because they are in “a significantly shakier position” than they appear, highlighting the need for an immediate halt in dividend payments, according to an advocacy group.

Kewsong Lee, who is now the sole CEO of The Carlyle Group, participates in the Yahoo Finance All Markets Summit, Sept. 20, 2018, in New York. (Photo by Evan Agostini/Invision/AP)
Kewsong Lee, who is now the sole CEO of The Carlyle Group, participates in the Yahoo Finance All Markets Summit, Sept. 20, 2018, in New York. (Photo by Evan Agostini/Invision/AP)The Carlyle Group revealed Monday that it nabbed Aditya Puri, who just ended a quarter-century run as CEO of India’s biggest private-sector bank, HDFC Bank, to be a senior advisor in Asia as the firm looks to build out regional investments, including nearly $5 billion in financial services.

An exterior view shows part of the facade of the Supreme Court in London, Monday, Sept. 16, 2019. (AP Photo/Matt Dunham)
An exterior view shows part of the facade of the Supreme Court in London, Monday, Sept. 16, 2019. (AP Photo/Matt Dunham)The U.K. Supreme Court on Monday said it would permit six insurance companies and Britain’s financial regulator to appeal a landmark decision that insurers should have to pay most business interruption claims stemming from the COVID-19 pandemic, scheduling a hearing to start Nov. 16 in the closely-watched case.

Financial institutions worldwide are under growing pressure from investors, governments and other stakeholders to gauge, disclose and mitigate climate risks. (Photo by Patrick Hendry on Unsplash)
Financial institutions worldwide are under growing pressure from investors, governments and other stakeholders to gauge, disclose and mitigate climate risks. (Photo by Patrick Hendry on Unsplash)A $40 billion Australian pension fund said Monday that it settled a closely watched lawsuit brought by an environmentally conscious young investor, agreeing to cut carbon emissions out of its portfolio by 2050 and “enhance its consideration” of climate risks when making investments.

The skyline of Doha, the capital of Qatar. (Photo by Lucca Belliboni on Unsplash)
The skyline of Doha, the capital of Qatar. (Photo by Lucca Belliboni on Unsplash)UBS will open a wealth management operation in Qatar under a non-binding agreement with the Middle Eastern country’s Investment Promotion Agency that was signed Sunday, the first day at the helm for the Swiss bank’s new CEO, Ralph Hamers.

In this Feb. 8, 2019, file photo the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)
In this Feb. 8, 2019, file photo the logo for Citigroup appears above a trading post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)Citigroup on Friday revealed what it described as the largest-ever private-sector social bond, raising $2.5 billion for affordable housing, following a pandemic-driven string of similar issuances.

Zurich, Switzerland, where reinsurer Swiss Re is based. (Photo by Ricardo Gomez Angel on Unsplash)
Zurich, Switzerland, where reinsurer Swiss Re is based. (Photo by Ricardo Gomez Angel on Unsplash)Swiss Re’s financial chief on Friday predicted that the COVID-19 pandemic will make event cancellation insurance harder to come by, as the world’s largest reinsurer expects heavy losses in that line until at least 2021.

United States Attorney for the Southern District of New York Geoffrey Berman speaks during a news conference in New York, July 8, 2019. (AP Photo/Richard Drew)
United States Attorney for the Southern District of New York Geoffrey Berman speaks during a news conference in New York, July 8, 2019. (AP Photo/Richard Drew)Apollo Global Management executives said Thursday that they hope to release the findings of an investigation into ties between co-founder Leon Black and convicted sex offender Jeffrey Epstein before 2021, as Black gave more details about the relationship while his colleagues maintained it does not pose a serious threat to the company’s bottom line.