A Norwegian central bank official raised alarm over the possibility of central bank digital currencies spurring possible instability in the financial system, joining a chorus of global officials urging caution on moving forward with digital currency proposals.
ICICI Bank is looking to attract India’s huge millennial population with a set of offerings that leans toward simplicity and digital-first banking and loan products, as well as a physical location targeted at the age bracket.
A BNY Mellon executive warned that fund managers may not be doing enough to reflect environmental, social and governance-related missions in sustainable investments, and should do more to demonstrate those values to clients.
Canada’s largest property and casualty insurer, Intact Financial, and Danish insurer Tryg have teamed up to make a GBP 7.1 billion ($9.33 billion) takeover offer for British insurer RSA, potentially allowing Intact to expand into Europe.
Cyber insurtech Cowbell partnered with Mylo, a digital selling tool created by Lockton, the world’s largest private insurance broker, to expand its reach with small business clientele.
Retirement and investment manager Voya Financial is exploring acquiring or merging with another business, particularly one that would expand their footprint into Asia, executives said on Thursday.
Voya Financial announced losses of $333 million or $3.47 per diluted share, as it sustained a heavy load of expenses from efforts to sell off its life insurance and annuities businesses, according to a third-quarter earnings report.
Fintech investors targeted large startups at the expense of midsize ones in the third quarter, as the number of deals shrank while average size reached a two-year high, according to financial analytics firm CB Insights.
China’s UnionPay, the world’s largest credit and debit card brand, teamed up with Korean fintech Danal to offer payments in numerous currencies on a virtual card that will be released later this year, according to a local news report.
Morgan Stanley regained privileges for buying and selling French government bonds, after taking remedial measures and completing a three-month suspension related to alleged price manipulation in 2015, a French financial regulator said on Tuesday.
Deutsche Bank executives are seeking to sever ties to U.S. President Donald Trump, over concerns about negative attention and growing regulatory and law enforcement scrutiny, before his loans come due, according to Reuters.
Catastrophe-hit Heritage Insurance will have a new CEO after former top executive and Chairman Bruce Lucas steps down from the Florida carrier with possible plans to develop an insurtech venture.
U.S. securities regulators raised caps to $75 million from $50 million for offerings that are subject to more intense registration requirements, relaxing some restrictions that could apply initial coin offerings.
Arch Capital upped its ante with a revised offer of about $700 million for Watford Holdings, which looped in private equity firms Warburg Pincus and Kelso, ending a bidding war with Enstar Group over the Bermuda insurer.
U.S. regulators will collaborate with the South African Reserve Bank on promotion of fintech development, in the latest global boost to the rapidly-growing sector.
Cryptocurrency exchange Coinbase added two veteran lawyers as deputy general counsels, hiring Milana McCullagh, formerly of Google, and Katherine Minarik, whose resume includes Dyson and fintech Cleverbridge, the company said Friday.
Canadian insurer and asset manager Sun Life Financial debuted a Hong Kong-based index fund that factors in environmental, social and governance concerns, the company said Friday, combining the growing investing trend of ESG with the long-standing one of passively managed funds.
UBS, the world’s third-largest private asset manager, expanded its partnership with Invesco by making seven separately managed account strategies from the firm available to UBS clients, Invesco said Friday.
LPL Financial said it would continue to pour capital into its financial advisory platform and develop its technology capabilities as it seeks to scale-up its business despite the pandemic-related slowdown, CEO Dan Arnold said Thursday.
American Express promised to spend $1 billion on diversity-related iniatives, including offering grants to Black women entrepreneurs and doubling purchases from minority-owned suppliers.