Brokerage firm BTIG said Friday it expects its U.S. employees to continue working remotely for the rest of the year, joining the ranks of employers who say their staff have adjusted to the new normal and prefer to play it safe as transmission rates spike in parts of the country.
Marqeta, a fintech that provides a platform for card issuers and whose backers include Visa and Goldman Sachs, is exploring an initial public offering, Reuters reported on Thursday.
Coinbase may become the first-ever cryptocurrency exchange to go public as soon as this year in a move that could make digital currencies more mainstream, Reuters reported Thursday.
Four major U.S. banks partnered with a clean energy nonprofit for an initiative that would put the financial industry on track to lower carbon emissions to net-zero by 2050.
Goldman Sachs’ asset-management arm said on Thursday that it was launching a new exchange-traded fund for investment-grade corporate bonds that uses a smart beta approach.
JPMorgan Chase suspended plans to open its offices in Columbus, Ohio, after the Midwestern state had its highest day for new coronavirus cases on July 3, bank spokesperson Carlene Lule told Fastinform Wednesday.
Earnings for the top seven U.S. banks are likely to plunge almost 70% year-over-year in the second quarter, with near-zero interest rates cutting deep into income, analysts from Goldman Sachs projected.
Private equity firm KKR & Co. said on Wednesday that it will acquire retirement and life insurance company Global Atlantic Financial Group for around $4.4 billion, a deal that will significantly increase its permanent capital base and expand its position in the insurance industry.
Bank of America will begin the process of bringing its 185,000 employees who have been working from home back into the office after Labor Day, Sept. 7, a spokesperson said Tuesday.
Unione di Banche Italiane on Tuesday fired back at larger rival Intesa Sanpaolo, further escalating the tension between the two banks over the latter’s takeover bid, saying once again that the offer does not sufficiently benefit the smaller institution’s shareholders.
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.
The U.S. Department of Justice is pursuing another $96 million in assets allegedly tied to the 1Malaysia Development Berhad bribery and money laundering scheme, bringing to $1.8 billion the amount of forfeiture sought by the department in connection with the international scandal.
The National Australia Bank said Thursday it would expand its private wealth offerings with 50 new bankers and advisers as it brings its high-net-worth services under a single roof.
With confirmed cases of COVID-19 seeing a resurgence in many areas of the country, Citigroup is holding back on its original plan to return many of its employees to offices, the company confirmed Wednesday.
Wells Fargo confirmed Monday that it will be the only Big Four U.S. bank to reduce its planned third-quarter dividend, after the Federal Reserve released the results of its annual stress test and capped payouts to ensure institutional resilience amidst the economic downturn in a move that fell short of other central banks’ restrictions, leaving the door open for most planned shareholder returns — for now.
Intercontinental Exchange Inc., the parent company of the New York Stock Exchange, said Monday that Credit Suisse is the latest financial firm to join its platform to support primary market activities for exchange traded funds.
China’s securities regulator is planning to grant securities licenses to commercial banks as part of a wider effort to help domestic businesses compete with foreign rivals, Chinese business news site Caixin reported on Sunday.
Samsung is teaming up with Mastercard and U.K.-based fintech Curve to compete with Apple and Google through the coming launch of a flexible digital payment system that bundles a user’s bank accounts and payment systems.
UBS said on Tuesday that it is adding accounts from several third-party asset managers, including Goldman Sachs, Invesco, PIMCO and Franklin Templeton, to its lineup for U.S. wealth-management clients.
Travelers increased its business in the renewable energy sector by 30 percent over the past year as the insurer sought to ramp up its sustainability initiatives.