NatWest Group CEO Alison Rose said negative rates in the U.K. could exacerbate problems for banks, issuing her warning as the country’s monetary policy leaders consider further stimulus efforts.
Goldman Sachs has been hired by auto insurtech Root to lead the startup’s preparations for an initial public offering with a target of raising $5 billion to $6 billion, Reuters reported Monday.
Swiss Re is partnering with Toyota Insurance Services to add Toyota and Lexus vehicle data to its advanced driving assistance system risk platform, a vehicle-specific insurance rating that primary insurers can use to calculate insurance premiums.
Goldman Sachs became the second bank to send workers home from its Manhattan headquarters after at least one employee tested positive for COVID-19, according to a Bloomberg report.
Sumitomo Mitsui Trust Bank said on Friday that the vote-counting problems found at Toshiba’s annual general shareholders’ meeting, which was held in July, may have occurred at other companies as the bank used the same tallying procedures.
Although the COVID-19 pandemic is still having an effect, Japan’s economy has begun to pick up as business gradually resumes, the nation’s central bank said Thursday after deciding to keep interest rates unchanged.
The equity market could see $200 billion in negative rebalancing flow in the third quarter, as pension plans and sovereign wealth funds undertake a quarterly rebalancing, a team of JPMorgan Chase global markets strategists said Tuesday.
Truist Financial launched its corporate venture capital division on Wednesday, which debuted alongside a new deal with global payments fintech Veem to help power new partnerships and investments for its corporate clientele.
Sberbank signed an agreement with commodities platform Komgo through its Switzerland unit, the bank said Tuesday, becoming Russia’s first bank to join a well-established blockchain-based service.
Japanese bank Mizuho International said Tuesday that it has pulled back on a move to allow all of its staff back into its London office after a surge of COVID-19 cases in the U.K.
A subsidiary of Japanese conglomerate ORIX will buy a portfolio of properties covered by low-income housing tax credits, as the company seeks revenues from a sector which has proven resilient to economic downturns in the past.
Insurtech Lemonade said Tuesday that it will expand to France by the end of this year, making a move into its third European market.
American International Group has tapped Guy Carpenter veteran James Nash to lead its operations in Japan, the New York-based insurer said Tuesday.
Japanese insurer Sumitomo Life said Monday that it will provide Singapore Life with SGD 320 million ($234.59 million) worth of additional equity capital, a deal meant to help finance the latter’s pending takeover of a controlling stake in Aviva’s Singaporean business.
More than 500 global investors with over $47 trillion in assets, including a Big Four U.S. bank unit and the world’s largest asset manager, have pushed some of the biggest corporate polluters to move to reduce their carbon emissions before they’re called out in a new benchmarking report.
Aviva said on Friday that it will sell a controlling interest in its Singapore division to a group led by Singapore Life for SGD 2.7 billion ($1.97 billion), a move the U.K. insurer said will improve its financial position in line with a recent commitment to a narrower focus for its divisions.
Japan Post Insurance said Friday that it will resume sales of insurance products Oct. 5, over a year since the company stopped because of a yearslong sales fraud scandal involving more than 2,400 employees.
Quantum computing, once a theoretical source of game-changing processing power, is quickly approaching commercial use, thanks in no small part to banks and fund managers exploring new opportunities to profit in financial markets.
Chubb has named a new leader for its operations in Japan, the latest in a series of executive shake-ups undertaken by the Switzerland-based property and casualty insurance company over the past several months.
An effort backed by UBS, Barclays, Banco Santander and a dozen other major banks to speed payments using digital coin equivalents of major currencies has been delayed until 2021 due to regulatory issues, according to Reuters.