Banco Bilbao Vizcaya Argentaria said Friday that it issued a GBP 300 million bond (nearly $379 million) in order to improve its capital position to meet a European Union rules change.
The global banking sector may see structural shifts that last beyond the COVID-19 pandemic, as declining revenues and asset quality push banks toward consolidation and digitization, according to S&P Global in a mid-year report released Thursday.
Discover Financial Services has signed an agreement with Saudi Arabia’s government-controlled payment authority that will allow the use of the company’s network cards in Saudi Arabia as well as allow Saudi banks to issue cards that will be accepted on Discover’s worldwide payment network.
Interactive Brokers said on Tuesday that it has expanded its presence in Singapore with the opening of an office and the establishment of a local operating entity, moves that come as the company reports a rising clientele in Asia.
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.
Dai-Ichi Life, Japan’s third-largest life insurer by revenue, said Tuesday that it purchased in the first-ever bond tied to goals for reducing plastic waste, helping the carrier fulfill its sustainability initiatives.
MS&AD Insurance Group revealed Tuesday that it is offering a new predictive analysis for companies seeking to improve climate change-related disclosures in financial reporting, making it the first Japanese financial services group to partner with U.S.-based startup Jupiter Intelligence, an investee of its corporate venture capital firm.
Hong Kong Exchanges & Clearing rolled out new futures offerings under a licensing agreement with MSCI on Monday, marking the latest move in the exchange’s effort to become Asia’s leading financing market.
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.
Bermuda-based Sompo International Holdings has expanded its Global Risk Solutions unit to a new team in Europe that will offer multiline commercial insurance through retail brokers.
The Australian government launched an "open banking" plan Wednesday, which would change the way consumers control and access the financial data banks collect on them, following the model of similar initiatives in the U.K., Japan and Hong Kong.
Lazard Asset Management created a new U.S. portfolio focused on environmental, social and governance factors, boosting its offerings intended to attract investors who are interested in sustainability.
Japan’s mail carrier and second-largest insurance provider has fired, suspended or otherwise disciplined more than 2,400 employees for engaging in inappropriate sales practices, as part of an effort to restore customer trust.
The real estate division of the Allianz Group is building a $2.3 billion investment platform in partnership with a South Korean pension fund to expand its real estate investment portfolio in the Asia-Pacific region, the company said Monday.
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.
Nomura Securities is enhancing its financial technology options with a new asset management mobile application called OneStock, the firm said Monday.
Nomura Holdings’ securities arm said Friday that it signed a final agreement with Tokushima-based Awa Bank on a business alliance aimed at providing asset management services in the region, as Japan’s regional banks increasingly seek to tie themselves to larger entities.
A new digital payment option from National Westminster Bank and the Royal Bank of Scotland was launched in the U.K. for use across nine of the country’s largest banks after being tested for the last two years.
Mizuho Financial Group, Japan’s third-largest bank, will continue financing coal projects around the world after a shareholder resolution failed to garner enough votes at an annual general meeting Thursday.
Unsatisfied with the current track of U.K. regulators’ High Court test case to determine whether business-interruption insurance policies should cover claims stemming from the coronavirus pandemic, a group of nearly 400 struggling and shuttered businesses moved to intervene Wednesday in another legal effort to see Hiscox Ltd. pay out their claims worth tens of millions of dollars.