In this file photo a man walks by Standard Chartered bank in London. (AP Photo/Sang Tan, File)
In this file photo a man walks by Standard Chartered bank in London. (AP Photo/Sang Tan, File)Standard Chartered will soon provide employees in several markets with greater flexibility in working patterns and locations, the U.K.-based bank said Friday, implementing lessons learned during the coronavirus pandemic to create a hybrid workforce of remote and office-based employees.

A logo for Swiss investment bank UBS in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)
A logo for Swiss investment bank UBS in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)Wealthy Chinese businessman Guo Wengui is suing Swiss investment bank UBS in London in an attempt to reclaim $500 million he lost after the bank called in a margin loan in 2015, Bloomberg reported Friday.

Wells Fargo ATMs in Denver, Colorado. (Photo by Erol Ahmed on Unsplash)
Wells Fargo ATMs in Denver, Colorado. (Photo by Erol Ahmed on Unsplash)The Financial Industry Regulatory Authority levied a $300,000 fine against a Wells Fargo unit after the bank’s investment management arm allegedly provided inaccurate monthly and quarterly account statements to over 2,300 customers, in violation of a 2016 rule amendment.

Federal Reserve Board Chair Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, D.C., Sept. 24, 2020. (Drew Angerer/Pool via AP)
Federal Reserve Board Chair Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, D.C., Sept. 24, 2020. (Drew Angerer/Pool via AP)U.S. Federal Reserve Chair Jerome Powell said Thursday that the entire government must work together to help the economy recover from COVID-19, calling for additional fiscal measures from Congress as the pace of recovery slows.

The headquarters of Liberty Mutual, in Boston. (User54871/Creative Commons)
The headquarters of Liberty Mutual, in Boston. (User54871/Creative Commons)Liberty Mutual is offering select eligible employees an early retirement package, the Massachusetts-based insurer said Wednesday, even as profits rose and operating costs fell during the third quarter despite the global COVID-19 pandemic.

The Department of Labor headquarters in Washington, D.C., May 6, 2020. (AP Photo/Patrick Semansky)
The Department of Labor headquarters in Washington, D.C., May 6, 2020. (AP Photo/Patrick Semansky)JPMorgan Chase has agreed to pay at least $800,000 in back wages and set aside at least $9 million over five years for compensation adjustments in order to settle a yearslong legal dispute with the U.S. Department of Labor in which the bank is accused of underpaying women.

BlackRock headquarters in New York, Feb. 15, 2006. (AP Photo/Mark Lennihan, File)
BlackRock headquarters in New York, Feb. 15, 2006. (AP Photo/Mark Lennihan, File)Developing nation assets would likely fare well under a Joe Biden presidency, a BlackRock executive said Wednesday, as U.S. election officials continued to count votes to determine the makeup of the country’s government.

This file photo shows a sign outside the Stock Exchange in the City of London. (AP Photo/Matt Dunham, File)
This file photo shows a sign outside the Stock Exchange in the City of London. (AP Photo/Matt Dunham, File)The U.K’s Financial Conduct Authority said Wednesday it will allow banks and asset managers to continue using exchanges in the European Union to trade shares when the Brexit transition period ends in January, a decision in stark contrast to the more restrictive expectations the European Union outlined last month.

The road is empty in front of the MetLife Building and Grand Central Terminal in New York City during the coronavirus pandemic on Tuesday, April 21, 2020. (AP Photo/Ted Shaffrey)
The road is empty in front of the MetLife Building and Grand Central Terminal in New York City during the coronavirus pandemic on Tuesday, April 21, 2020. (AP Photo/Ted Shaffrey)Australian wealth management firm AMP has added BT and MetLife to its selection of life insurance providers available to clients of its aligned advisers, the company said Wednesday, bringing the number of life insurers available for new policies to five.

The headquarters of the People’s Bank of China, in Beijing, March 10, 2019. (AP Photo/Andy Wong)
The headquarters of the People’s Bank of China, in Beijing, March 10, 2019. (AP Photo/Andy Wong)Chinese regulators issued draft microfinance business rules Monday, increasing what is required of online microlenders that provide loans to consumers and limiting the amount they can lend.

The logo of French bank BNP Paribas SA is pictured at the La Defense business district outside Paris. (AP Photo/Michel Euler)
The logo of French bank BNP Paribas SA is pictured at the La Defense business district outside Paris. (AP Photo/Michel Euler)BNP Paribas said Tuesday it does not expect Europe’s second COVID-19 lockdown to impact the bank's financial performance as much as the initial lockdown did earlier this year with strong liquidity in the firm and many industries internalizing lessons learned over the past eight months.

In this Aug. 3, 2012 file photo, tourists walk along the shore of Seven Mile Beach in Grand Cayman Island. (AP Photo/David McFadden, File)
In this Aug. 3, 2012 file photo, tourists walk along the shore of Seven Mile Beach in Grand Cayman Island. (AP Photo/David McFadden, File)The Cayman Islands has laid out an initial regulatory framework for virtual asset service providers in a bid to attract crypto businesses while still implementing measures meant to prevent money laundering, terrorism financing and proliferation financing.

In this Tuesday Feb. 11, 2020 file photo, Christine Lagarde president of the ECB looks up prior to deliver her speech before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France. (AP Photo/Jean-François Badias, File)
In this Tuesday Feb. 11, 2020 file photo, Christine Lagarde president of the ECB looks up prior to deliver her speech before the European Parliament's economic and monetary affairs committee at the European Parliament in Strasbourg, France. (AP Photo/Jean-François Badias, File)European Central Bank President Christine Lagarde said Sunday the ECB is seeking input from the public about potential issuance of a digital euro, a sign that the central bank is seriously considering a retail central bank digital currency and not just one intended for interbank transactions.

Power lines bend onto La. Hwy 1 after Hurricane Zeta in Grand Isle, La., Friday, Oct. 30, 2020. (AP Photo/Matthew Hinton)
Power lines bend onto La. Hwy 1 after Hurricane Zeta in Grand Isle, La., Friday, Oct. 30, 2020. (AP Photo/Matthew Hinton)Hurricane Zeta may have caused nearly $3.5 billion in insured losses last week, risk modeling company AIR Worldwide said Monday, adding to an unusually busy hurricane season that has seen the U.S. Gulf Coast targeted several times.

This Sept. 21, 2011, file photo. shows a MasterCard sign on a revolving door in New York. (AP Photo/Mark Lennihan, File)
This Sept. 21, 2011, file photo. shows a MasterCard sign on a revolving door in New York. (AP Photo/Mark Lennihan, File)Mastercard unveiled a new set of tools aimed at helping banks other financial firms assess cyber risk and prevent potential breaches, further boosting the card company's artificial intelligence-based security offerings.

Cars head along FDR Drive next to the Manhattan skyline Thursday, March 26, 2020. (AP Photo/Mark Lennihan)
Cars head along FDR Drive next to the Manhattan skyline Thursday, March 26, 2020. (AP Photo/Mark Lennihan)Private equity firm KKR is positioning itself for more deals and more growth after a soaring above competitors in the third quarter by posting a 338% increase in profits over the same period in 2019.

Tidjane Thiam, who served as CEO of Credit Suisse from March 2015 to February 2020, speaks at the Bloomberg Global Business Forum in September 2019 in New York. (AP Photo/Mark Lennihan)
Tidjane Thiam, who served as CEO of Credit Suisse from March 2015 to February 2020, speaks at the Bloomberg Global Business Forum in September 2019 in New York. (AP Photo/Mark Lennihan)Zurich-based Credit Suisse is increasing its diversity goals and will expand the representation of Black employees in its senior leadership, the bank said Thursday, just weeks after reporting by The New York Times earlier this month forced the financial institution to apologize for a racially insensitive incident.

Credit Suisse headquarters (right) at Paradeplatz in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)
Credit Suisse headquarters (right) at Paradeplatz in Zurich, Switzerland. (Photo by Claudio Schwarz on Unsplash)Credit Suisse said Thursday that its board has approved a plan to resume share buybacks in January, despite recording a 30% year-over-year drop in profit in the third quarter, and plans to shutter several underperforming funds as its asset management unit struggles amid the COVID-19 pandemic.

Deutsche Bank headquarters in Frankfurt, Germany. (Photo by cmophoto.net on Unsplash)
Deutsche Bank headquarters in Frankfurt, Germany. (Photo by cmophoto.net on Unsplash)Deutsche Bank CEO Christian Sewing said Wednesday the German lender remains ahead of schedule on its restructuring efforts despite global economic headwinds, with the bank delivering a profitable third quarter driven by revenue growth in its investment bank and reduced costs.

A Wells Fargo bank location in Philadelphia in November 2018. (AP Photo/Matt Rourke)
A Wells Fargo bank location in Philadelphia in November 2018. (AP Photo/Matt Rourke)Wells Fargo has eliminated dozens of fixed-income analyst jobs and is cutting back on its distribution of research to clients as the bank continues to take aggressive steps to increase efficiency and cut costs.