People walk outside a branch of Crédit Agricole Bank, in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau )
People walk outside a branch of Crédit Agricole Bank, in Nice, southeastern France, Sept. 14, 2011. (AP Photo/Lionel Cironneau )Crédit Agricole’s corporate and investment bank and its wealth management unit are joining forces to create a new private investment banking division to target the ultra wealthy, France’s second-biggest bank said Monday.

A sign sits on the campus of the insurance and managed health care company Aetna, Friday, Aug. 28, 2020, in Hartford, Conn. (AP Photo/Bill Sikes)
A sign sits on the campus of the insurance and managed health care company Aetna, Friday, Aug. 28, 2020, in Hartford, Conn. (AP Photo/Bill Sikes)The University of Texas Medical Branch said on Thursday that it is cutting ties with Aetna, claiming the insurer does not pay a competitive rate for its healthcare services in the latest dispute between healthcare systems and insurance companies over pricing of medical care.

A view of Shinjuku, Tokyo, Japan. (Photo by Jean Vella on Unsplash)
A view of Shinjuku, Tokyo, Japan. (Photo by Jean Vella on Unsplash)Japan unveiled plans Friday to create an English-speaking support office to usher foreign asset managers into the country, as part of its broader efforts to become the main global financial center in Asia.

In this March 16, 2017, file photo, a customer enters a Citibank branch, in New York.(AP Photo/Mark Lennihan, File)
In this March 16, 2017, file photo, a customer enters a Citibank branch, in New York.(AP Photo/Mark Lennihan, File)Citigroup Treasurer Michael Verdeschi said on Friday that he doesn't think the U.S. Federal Reserve is ready to “seriously consider” negative rates as an option to further help the economy bounce back from the fallout it is experiencing due to the ongoing global pandemic.

The main entrance to the Lloyd’s of London building in London, March 30, 2017. (AP Photo/Alastair Grant)
The main entrance to the Lloyd’s of London building in London, March 30, 2017. (AP Photo/Alastair Grant)Insurance marketplace Lloyd’s of London said Thursday that it plans to reduce operating costs for brokers, underwriters and its business partners by GBP 800 million ($1 billion), or around 3% of the total, over the next two years by embracing technology to increase automation and reduce bureaucracy.

A man walks by an ING bank branch in Brussels, Monday, Oct. 3, 2016. Dutch banking group ING says it is cutting 1,000 jobs by the end of 2021.(AP Photo/Geert Vanden Wijngaert)
A man walks by an ING bank branch in Brussels, Monday, Oct. 3, 2016. Dutch banking group ING says it is cutting 1,000 jobs by the end of 2021.(AP Photo/Geert Vanden Wijngaert)ING Group CEO Steven van Rijswijk said Thursday that the Netherland’s largest lender will slash approximately 1,000 jobs by the end of 2021 and close its offices in South America and some in Asia as it looks to cut costs and focus on its digital transformation.

An office of Brazilian bank Itau Unibanco. (Francisco Anzola/Creative Commons)
An office of Brazilian bank Itau Unibanco. (Francisco Anzola/Creative Commons)Brazil's biggest lender Itaú Unibanco said Tuesday that it was thinking about “segregating” most of its stake in investment platform XP and placing it into a new company, as the bank reported lower quarterly earnings.

In this file photo, a man walks past the French bank BNP Paribas headquarters in Paris. (AP Photo/Jacques Brinon, File)
In this file photo, a man walks past the French bank BNP Paribas headquarters in Paris. (AP Photo/Jacques Brinon, File)BNP Paribas’ custodian and securities services arm said Wednesday that it is launching an agency securities lending desk in Hong Kong, in a bid to expand the French bank's market and financing services in the Asia Pacific region.

Built in 1965, the Markel Building is a unique four-story commercial building designed by architect Haig Jamgochian for the Markel Corporation. (Eli Pousson/Creative Commons)
Built in 1965, the Markel Building is a unique four-story commercial building designed by architect Haig Jamgochian for the Markel Corporation. (Eli Pousson/Creative Commons)Markel Corporation co-CEO Richie Whitt said on Wednesday that he is “incredibly bullish” on the long-term prospects of the insurance-linked securities, despite seeing “fairly painful” years for both the companies and investors across the space.

A general view of the City of London from the south bank of the River Thames in London, Friday, Oct. 23, 2020. (AP Photo/Alastair Grant)
A general view of the City of London from the south bank of the River Thames in London, Friday, Oct. 23, 2020. (AP Photo/Alastair Grant)Close Brothers Asset Management on Tuesday said it is stepping into the growing environmental, social and governance investments sector by launching a sustainable multi-asset fund and relaunching its bond income portfolio as a sustainable bond fund.

British Prime Minister Boris Johnson leads a Cabinet meeting at the Foreign and Commonwealth Office, in London, Nov. 3, 2020. (Eddie Mulholland, Pool Photo via AP)
British Prime Minister Boris Johnson leads a Cabinet meeting at the Foreign and Commonwealth Office, in London, Nov. 3, 2020. (Eddie Mulholland, Pool Photo via AP)Major global banks are telling their staff based in the U.K. to go back to working from home, following the government’s new implementation of a several weeks-long lockdown measure, which is set to start on Thursday.

Asset manager Janus Henderson, which is headquartered in London, has around $358 billion in assets under management. (Photo by Marcin Nowak on Unsplash)
Asset manager Janus Henderson, which is headquartered in London, has around $358 billion in assets under management. (Photo by Marcin Nowak on Unsplash)Janus Henderson Investors said Tuesday that it has hired Paul LaCoursiere from rival Aviva Investors for the newly created role of global head of environmental, social and governance investments, as ESG investing continues to surge in popularity.

In this Aug. 21, 2018, file photo screens above trading posts on the floor of the New York Stock Exchange show the NYSE logo. (AP Photo/Mark Lennihan, File)
In this Aug. 21, 2018, file photo screens above trading posts on the floor of the New York Stock Exchange show the NYSE logo. (AP Photo/Mark Lennihan, File)Asset manager Dimensional Fund Advisors said on Monday that it is cutting management fees on more than 30 of its mutual-fund offerings, as it prepares to enter the exchange-traded funds market.

The skyline of Beijing at night. (Scott Meltzer/Creative Commons)
The skyline of Beijing at night. (Scott Meltzer/Creative Commons)Genworth Financial said Monday that its long-delayed acquisition by China Oceanwide is on course to close by the end of November, after the Beijing-based company provided “satisfactory” evidence showing that Chinese private equity firm Hony Capital is able to provide the majority of the financing needed for the $2.7 billion deal.

In this file photo, tall buildings stand at the center of the city in Shanghai, China. (AP Photo/Eugene Hoshiko, File)
In this file photo, tall buildings stand at the center of the city in Shanghai, China. (AP Photo/Eugene Hoshiko, File)JPMorgan has reportedly completed a transaction to own 71% of its Chinese securities joint venture, inching closer to becoming the first foreign bank to gain full ownership of a securities entity, as China continues to welcome international players to its financial industry.

People walk outside an office of Swiss bank UBS in the City of London, Thursday, Sept. 15, 2011. (AP Photo/Sang Tan)
People walk outside an office of Swiss bank UBS in the City of London, Thursday, Sept. 15, 2011. (AP Photo/Sang Tan)UBS is joining with private equity firm Partners Group to offer more of its clients access to private markets, tapping into a sector that is typically accessible to only ultra-wealthy investors.

Traders work in a trading pit at the Chicago Board Options Exchange as they trade S&P 500 Options. (AP Photo/Kiichiro Sato)
Traders work in a trading pit at the Chicago Board Options Exchange as they trade S&P 500 Options. (AP Photo/Kiichiro Sato)Cboe Global Markets is betting big on retail investors as it looks to capitalize on increased volatility and other trends that have taken hold during the coronavirus pandemic, executives said on Friday.

FILE- In this Dec. 8, 2017, file photo, coins are displayed next to a Bitcoin ATM in Hong Kong.  (AP Photo/Kin Cheung, File)
FILE- In this Dec. 8, 2017, file photo, coins are displayed next to a Bitcoin ATM in Hong Kong.  (AP Photo/Kin Cheung, File)Fidelity Investment’s cryptocurrency-focused arm is planning on providing digital asset custody services to Singapore-based crypto fund manager Stack Funds, a representative of Fidelity Digital Assets said Thursday, as the demand for cryptocurrencies in Asia shoots up.

Deutsche Börse is headquartered in Frankfurt, Germany. (Photo by Paul Fiedler on Unsplash)
Deutsche Börse is headquartered in Frankfurt, Germany. (Photo by Paul Fiedler on Unsplash)Deutsche Börse committed Thursday to a lower cost base for the fourth quarter to achieve its 2020 net profit guidance after the German exchange operator reported a secular growth of 6% in the first nine months of the year, despite seeing a quarterly drop in profits and rise in costs.

In this file photo, a general view of the trading room at the German stock market pictured in Frankfurt, Germany. (AP Photo/Michael Probst,file)
In this file photo, a general view of the trading room at the German stock market pictured in Frankfurt, Germany. (AP Photo/Michael Probst,file)German exchange operator Deutsche Boerse on Wednesday posted a 8.6% plummet in third-quarter profit, but left its profit guidance for the rest of the year unchanged at around EUR 1.2 billion ($1.4 billion), as it continues to face challenges in dealing with the global pandemic.