Admiral offers travel insurance from UK as country lifts quarantine requirements

Admiral Insurance has begun selling travel insurance with specific provisions related to COVID-19, after a four-month hiatus in the business, as the United Kingdom eases quarantine requirements, making travel abroad less cumbersome.

Amundi debuts trio of ETFs aligned with Paris climate accord targets

Amundi introduced three new exchange-traded funds aimed at the European Union’s Paris Climate Agreement-based targets, the French asset manager with EUR 1.5 trillion ($1.7 trillion) in assets under management said on Thursday.

ECB was right to fine French bank but gave poor reasons, EU court rules

Europe's second-highest court ruled Wednesday that the European Central Bank gave "inadequate reasons" for imposing €4.8 million ($5.4 million) in regulatory fines on French bank Crédit Agricole and its subsidiaries in 2018.

Amundi adopts ‘temperature rating’ climate assessment to inform ESG investments

Amundi will use a model for environmentally focused investing that assigns a “temperature rating” to each holding based on its global warming impact, as the firm looks to quantify sustainability in all of its investments by 2021.

AXA Investment Managers sets 33% gender diversity target for company boards

AXA Investment Managers plans to set a 33% target for gender diversity on listed company boards in developed markets starting next year, the company said Wednesday, building on years of efforts to increase the number of women helping to lead companies.

Ex-JPMorgan forex trader’s conviction upheld by New York judge

A federal judge on Monday upheld a former JPMorgan foreign exchange trader’s conviction for trying to manipulate emerging market currency prices, rejecting his request to set aside a jury’s findings.

De Goudse to acquire Reinsurance Group of America’s Dutch life unit

Netherlands-based insurance company De Goudse has agreed to purchase a Dutch life insurance subsidiary of Reinsurance Group of America, the companies said Tuesday, as part of De Goudse’s yearslong strategy to acquire life portfolios and companies.

HSBC to cut 38% of global banking jobs in France

London-based HSBC plans to cut 255 jobs from its French subsidiary’s struggling global and banking markets division, HSBC France’s Force Ouvrière union said Monday, marking the first time that HSBC France has seen economic layoffs.

Clearstream, LCH partner to streamline post-trade LSE equities contracts

Deutsche Börse Group’s international central securities depository Clearstream and LCH Group’s U.K.-based equities clearing service are seeking to capitalize on the popularity of global depository receipts and exchange-traded products on the London Stock Exchange by allowing equities contracts cleared by LCH to be settled through the subsidiary Clearstream Banking S.A.

BBVA sees strong demand for inaugural green CoCo bond

Spanish banking giant Banco Bilbao Vizcaya Argentaria, S.A. said Tuesday that it rolled out the first green contingent convertible bond from a financial institution, raising €1 billion (nearly $1.13 billion) amid strong investor demand.

AXA XL completes alternative capital reinsurance deal with Texas auto carrier Bluefire

AXA XL completed a deal on Monday with Texas-based specialty auto insurer Bluefire Insurance to provide reinsurance coverage through an alternative capital arrangement.

Aviva names Amanda Blanc as CEO as Tulloch exits

U.K. financial giant Aviva said Monday that Board Director Amanda Blanc has been named as its new CEO, effective immediately, as Maurice Tulloch relinquished his role the same day because of “family health reasons.”

French insurance industry faces heavy exposure to COVID life claims: Global Data

French insurers’ heavy concentration in the life insurance business could leave the industry especially exposed to a sharp increase in claims due to the COVID-19 pandemic, research firm Global Data found.

Turkish exchange bans JPMorgan, Goldman Sachs, others from short selling

Turkey’s stock exchange barred six major banks from betting against its market on Monday, the latest restrictive measure taken in the country against investors looking to short sell.

AXA launches new life insurance policy that turns dependents into policyholders

AXA’s Hong Kong and Macau arms introduced a new participating life insurance policy that allows the policyholder, upon their death, to pass along the policy to dependents so that benefits can potentially continue to grow.

Adyen expands acquiring service to Malaysia’s burgeoning ecommerce scene

Payments platform Adyen has expanded its acquiring bank services to Malaysia, allowing more global firms to cash in on the country’s expanding economy and reflecting upward momentum in the global electronic payments business.

Pandemic could position Asian insurance markets as new global leader, Allianz says

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.

European banking heavyweights take on credit card and tech giants with pan-European payment system

Sixteen major European banks banded together to produce a payment system encompassing card payments, merchant transactions, and peer-to-peer payments, according to a joint statement released on Thursday.

Societe Generale, CNP Assurances lay out plans to exit coal sector

French financial giants Societe Generale and CNP Assurances both said this week they would take major steps toward eliminating their exposure to the coal industry, adding to a string of recent climate-related commitments by major European financial institutions.

CBOE to launch Dutch derivatives market, furthering shift from London to continental Europe

Cboe Global Markets plans to launch a new Amsterdam-based futures and options market in the first half of 2021, as part of the exchange operator's effort expand its reach across continental Europe, the stock exchange operator said Wednesday.

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