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.

A time-lapse photo of traffic on Lake Shore Drive in Chicago, Illinois. (Photo by Jake Blucker on Unsplash)
A time-lapse photo of traffic on Lake Shore Drive in Chicago, Illinois. (Photo by Jake Blucker on Unsplash)Root upped the size of its initial public offering on Monday, increasing the total amount of money that the U.S. auto coverage insurtech is looking to raise by about $10 million.

A Chinese woman walks past a display promoting the STAR market in Beijing on Friday, July 19, 2019. (AP Photo/Ng Han Guan)
A Chinese woman walks past a display promoting the STAR market in Beijing on Friday, July 19, 2019. (AP Photo/Ng Han Guan)Stock exchanges in Hong Kong and mainland China are considering adding shares from Shanghai’s Nasdaq-style STAR Market to a program connecting the two bourses, a move which would open the board to foreign investors.

In this May 16, 2012 file photo, a taxi passes in front of the Nasdaq MarketSite in New York's Times Square.(AP Photo/Richard Drew, File)
In this May 16, 2012 file photo, a taxi passes in front of the Nasdaq MarketSite in New York's Times Square.(AP Photo/Richard Drew, File)Nasdaq posted a double-digit percentage increase in profits for the third quarter, led by the strength in the exchange operator's non-trading businesses and an uptick in U.S. trading volumes, as it noted a secular trend of more younger investors participating in the market.

In this Wednesday, Nov. 21, 2018, file photo taken with a long exposure, traffic streaks across the John F. Kennedy Expressway at the start of the Thanksgiving holiday weekend in Chicago. (AP Photo/Kiichiro Sato, File)
In this Wednesday, Nov. 21, 2018, file photo taken with a long exposure, traffic streaks across the John F. Kennedy Expressway at the start of the Thanksgiving holiday weekend in Chicago. (AP Photo/Kiichiro Sato, File)U.S. digital auto insurer Root is looking to raise up to $604 million in an upcoming initial public offering, marking the latest in a wave of insurtechs angling to tap the public equity markets.

Asset manager Invesco launched four funds targeting growth stocks in the pandemic economy, offering exposure to large and midsize non-financial securities listed on the Nasdaq exchange, the company said Tuesday.

Lufax Holding, a Chinese online wealth management and lending platform, backed by China's largest insurer Ping An Insurance Group, is looking to go public in the U.S. , as Chinese companies continue to look to U.S. markets despite political tensions.

Residential mortgage provider and purchaser AmeriHome filed for an initial public offering, falling in step with a surge of companies that have recently tapped the public equity markets.

United Wholesale Mortgage will be publicly listed on the Nasdaq after completing a merger with Gores Holdings IV at a roughly $16.1 billion valuation, making it the largest blank check company merger yet on Wall Street.

Brazil’s Hashdex Asset Management inked a deal with New York-based Nasdaq to offer the world’s first cryptocurrency exchange-traded fund on the Bermuda Stock Exchange.

Members Exchange, a new stock exchange backed by a slew of banks and other financial firms, commenced trading activity on Monday with seven listed securities, including for prominent companies such as Google’s parent Alphabet, ExxonMobil and Ford.

China’s Shanghai Stock Exchange told investors to “strictly abide” by rules for initial public offerings over concerns that buyers, sellers and underwriters may have colluded to suppress prices on its technology board.

Investors will soon be able to trade contracts representing California’s water supply after financial exchanges CME Group and Nasdaq disclosed that they will release “water futures” to allow price hedging on the increasingly scarce resource.

Nasdaq debuted its cloud-based Nasdaq Automated Investigator on Wednesday, which it described as the first automated anti-money laundering technology aimed at scrutinizing financial crimes for retail and commercial banks.

Diginex moved a step closer to trading on the Nasdaq exchange after shareholders of a blank check company approved a merger with the cryptocurrency and blockchain services firm.

JPMorgan Chase is looking to chase unicorns, $1 billion startups that have yet to issue stocks publicly, with the creation of a new team dedicated to brokering shares in firms such as SpaceX, Robinhood and Airbnb.

The New York Stock Exchange said Friday it might move its primary data center out of its current home in New Jersey if the state legislature implements a proposed new tax on financial transactions processed in the Garden State.

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.

Leveraging ongoing interest in blockchain technologies and digital currencies, Hong Kong-based Diginex raised $20 million as it prepares to list on the Nasdaq exchange later this month through a blank check company.

The Japanese conglomerate SoftBank has been named as the mystery buyer of billions of dollars' in U.S. equity derivatives that has caused significant volatility in technology stocks recently, according to the Financial Times.