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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.