Personal-finance firm Credit Karma is in talks to sell its tax-preparation unit Square to ease federal antitrust concerns over its pending $7.1 billion buyout by TurboTax operator Intuit, The Wall Street Journal reported Friday.
Bank of America will no longer provide semi-monthly $200 payments that have provided branch workers with supplemental income during the COVID-19 pandemic after the end of the month, a spokesperson said Thursday.
Amundi said Wednesday that it received the final clearance from Chinese regulators to begin its joint venture operations with Bank of China’s wealth management subsidiary, as the French company aims to make China one of its most important markets.
Banks in the U.S., Europe and parts of Asia will not return to pre-pandemic levels of credit strength until 2023, S&P ratings said Wednesday, warning the sector may take years to recover after the launch of a successful vaccine.
U.S.-based State Street has hired two current and former executives from French bank BNP Paribas to oversee markets in the Asia Pacific region, reflecting the growing importance of China and neighboring countries for the firm.
Insurance markets in Asian countries are poised to recover more quickly from COVID-19 than U.S. and European markets, potentially accelerating a yearslong shift in market power toward the region, Allianz Global said in a report published Wednesday.
China Oceanwide Holdings Group’s $2.7 billion acquisition of Genworth Financial has been postponed yet again, the Virginia-based insurance company said Tuesday.
AXA has named company veteran Xavier Veyry the new CEO of the Asia and Europe branch of AXA XL, the property and casualty and specialty risk division of French insurance giant AXA, which recently overhauled its leadership and operating model.