Centene said Monday it has entered into an agreement to acquire health care analytics company Apixio in a move that will provide the health insurer with artificial intelligence options to add to its technology lineup.
The success or failure of meeting the United Nations’ Sustainable Development Goals will ultimately fall on the financial industry, though the increasingly mainstream nature of sustainable investing has pushed the industry in the right direction, Bank of America CEO Brian Moynihan said Monday.
The Consumer Financial Protection Bureau said Friday it had granted a no-action letter to Bank of America to enable the bank to roll out its short-term, small-dollar loan program unveiled last month.
Allianz on Friday posted a surprise 5.9% bump in its net profit for the third quarter, but executives expressed continued cautiousness about the near future as the pandemic's impact continues to take a toll.
The Public Investment Fund of Saudi Arabia said Thursday it had invested approximately $1.3 billion for a 2.04% equity stake in India’s largest retailer, Reliance Retail Ventures Limited, as the fund looks to help the kingdom diversify its economy beyond the oil sector.
Switzerland’s Union Bancaire Privée said Thursday it had launched a new equity strategy with the goal of investing in a wide range of fintech ideas, including IT infrastructure and data analytics, on a global scale.
Thanks to lockdown restrictions easing in many of its key markets, UniCredit was able to post a 31.1% jump in underlying net profit from the previous quarter, with the Milan-based lender saying Thursday it is on track to meet its targets for the 2020 fiscal year after beating analyst expectations.
Global blockchain initiative B3i Services AG has partnered with India’s Tata Consultancy Services to develop new technology with the goal of accelerating the digitization of the insurance industry, the companies said Wednesday.
Danske Bank said Wednesday it would be lowering its threshold for applying negative interest rates to retail deposits, a move that brings the bank’s policies in line with the rest of the Danish banking market.
Finance ministers in the European Union said Tuesday that they had agreed to set up a system dedicated to fighting money laundering across the region, which includes establishing a single EU-level supervisor to oversee anti-money laundering efforts.
In a move aimed at supporting the United Nations’ Sustainable Development Goals, Switzerland's Bank J. Safra Sarasin on Tuesday launched a new fund that will invest specifically into companies with high sustainability standards.
AJ Bell is getting into the green investing trend with the launch of its new Responsible Growth Fund, aimed at investors looking for “diversified exposure” to a broad swath of companies that have strong sustainability credentials, the company said Monday.
The United Kingdom’s Financial Conduct Authority said Tuesday that it had made changes to its requirements for open banking identification, in an effort to “limit the risk of disruption” to these services in the wake of Brexit.
In the face of criticism regarding its handling of diversity in its workforce, Wells Fargo said Monday it has created a new internal "diverse segments, representation and inclusion group," and has tapped former Capital One executive Kleber Santos to lead the effort.
New York’s Department of Financial Services said Friday it reached a settlement with Principal Life Insurance Company that will result in the insurer paying more than $6 million in penalties and restitution to customers over an alleged failure to provide policyholders with information about whether switching investments would end up costing them more money.
Argo Group said Monday that it reached an agreement to sell off its reinsurance arm, Ariel Re, to a pair of private equity firms, continuing the company’s recent moves to streamline itself by offloading businesses it sees as less profitable.
Stripe has relocated its European payment processing hub to Dublin as a means to continue to serve the majority of its customers in the region, as the online payments company finishes preparing for the impact of Brexit.
Two units insurer Allianz agreed to pay remediation to thousands of customers to settle a probe by an Australian financial watchdog into allegations of mis-selling travel insurance, a market that was surging before the coronavirus pandemic.
China’s biggest banks, among the world’s largest lenders, reported modest drops in third-quarter profits on Friday, as bad loans and credit impairments caused by the impact of COVID-19 overwhelmed increases in revenue.
Deutsche Bank has developed what it says is the world’s first hedging concept that directly links currency options to sustainability goals, and the bank said Thursday it signed an agreement with Primetals Technologies to put the framework to use.