The Bank of Canada said Monday it will gradually revert its expanded credit policy back to its original levels in the next six weeks, in response to the country’s improved short-term funding conditions during the COVID-19 pandemic.
A Norwegian financial watchdog raised concerns about the appointment of Nicolai Tangen to lead the country’s sovereign wealth fund, reigniting controversy over Tangen’s use of tax havens and potential conflicts of interest.
Canadian fintech Interac’s electronic funds transfer platform was “critical” to the country’s economic activity and will be brought under increased government oversight, the country’s central bank said Monday.
The Shanghai Financial Court ruled that state-owned Everbright Capital Investment must pay a total of around RMB 3.5 billion ($502.7 million) to two partner investors over losses they incurred from the acquisition of a British sports media company that went bust.
Allianz Capital Partners said on Monday that its inaugural global infrastructure fund hit its first close, reaching more than EUR 600 million ($704.19 million) worth of commitments.
Duck Creek Technologies, a software provider for property and casualty insurers, intends to raise $300 million in an initial public offering, becoming the latest company looking to capitalize on investor appetite for insurtech.
The world’s largest retail digital payments network is poised to make an unprecedented green bond offering, a Monday filing with the U.S. Securities and Exchange Commission shows.
Non-listed regional Chinese banks will benefit from the recent resumption of equity private placement approvals, which function as an important source of capital, Moody’s Investors Service said in a new report released Monday.
Brown & Brown, the world’s sixth-largest global insurance broker by revenue, revealed plans Monday to absorb the assets of private equity-focused HAUSER.
The U.K.’s data privacy watchdog is conducting an investigation “related to Barclays’ alleged use of employee monitoring tools,” after the British bank used productivity tracking software that staff said spied on them.
A group of high-ranking U.S. federal lawmakers are opposing retirement investment rule changes, claiming that the shift would “help financial advisers evade their responsibility to clients.”
Nuveen is lifting geographic restrictions on some of its municipal funds to boost trading volumes in a sign that the municipal bond market is rebounding from COVID-19 shocks which triggered widespread fund outflows.
Ukraine’s capital markets regulator reached an agreement with a World Bank affiliate to develop sustainable investing standards, in a departure from the country’s limited track record on social responsibility in the private sector.
BankMobile, seeking to capitalize on rising digital banking demand in the U.S., will go public in partnership with special purpose acquisition company Megalith Financial, as blank check companies continue to surge in popularity.
Toronto-Dominion Bank faced criticism from a social justice advocacy group over investments in publicly traded U.S. firms that operate private prisons and immigration detention centers, which have sparked human rights concerns amid the coronavirus pandemic.
Russell Investments said Thursday that it tapped portfolio software developer Vestmark to manage its soon-to-be-launched customizable Personalized Managed Accounts services program for financial advisers.
USAA said on Thursday that it named former Munich Re executive David Yim as its chief investment officer to oversee investments in the company’s life, property and casualty and benefit portfolios.
The second-largest bank in the U.S. will set aside branch space, train management and human resources staff and provide information to expectant mothers under an agreement revealed by the U.S. Department of Labor on Friday.
AMP on Thursday said the head of its Australia business abruptly resigned after holding the post for just 10 months amid reports of allegations of inappropriate conduct by the executive.
Goldman Sachs lowered its second-quarter earnings by $2 billion on Friday, following the $3.9 billion settlement it reached with the Malaysian government last month to resolve an investigation of the bank’s role in the 1Malaysia Development Berhad corruption scandal.