A Delaware judge has ruled that neither Cigna nor Anthem can collect the billions the health insurance companies sought in damages from each other over their failed $54 billion merger.
Credit Suisse has applied for a license to set up an investment banking hub in Madrid, as part of its Brexit migration plans, a spokesperson said Monday, confirming a report from a Spanish newspaper.
Trading continued Monday despite a fifth day of cyberattacks targeting New Zealand’s stock exchange that brought down its public-facing website and forced the bourse operator into a contingency plan to release market announcements, local media reported.
Wirecard’s administrator continues to make progress dismantling the insolvent German payments processor, with plans to wind down its U.K. division and a reported bid from Deutsche Bank to acquire another subsidiary.
UBS has poached a technology executive from rival Swiss bank Credit Suisse to lead a technology team in its Europe, Middle East and Africa unit, according to an internal memo reviewed by Fastinform.
Trading on New Zealand’s stock exchange was halted for the fourth straight day Friday after it was hit with another cyberattack, leading officials to call on federal security agencies to assist the exchange operator.
Robinhood has added two chief compliance officers, poaching executives from Wells Fargo and Fidelity, to help the online trading platform navigate the rapid growth it’s seen through the pandemic.
The Libra Association, the group developing Facebook’s cryptocurrency, has found a new chief legal officer, replacing its former top attorney who left the project just months after he was appointed.
New Zealand’s stock exchange halted trading Thursday for the third day in a row after it was again hit with a cyberattack.
Australian fintech Afterpay on Wednesday said it has launched in Canada days after it revealed plans to expand in Southern Europe, as the company continues to enjoy rapid growth with more consumers turning to online shopping during the pandemic.
U.S. Secretary of State Mike Pompeo blasted HSBC for allegedly blocking bank accounts tied to the pro-democracy movement in Hong Kong, again accusing the bank of becoming a political tool used by China to carry out its “coercive bullying tactics” against the U.K.
Fannie Mae and Freddie Mac will delay imposing a controversial new fee on most mortgage refinance loans meant to cushion an estimated $6 billion in pandemic-related losses, the U.S. Federal Housing Finance Agency said Tuesday.
A New York federal court has given preliminary approval to a $15.5 million settlement between Credit Suisse and a group of investors led by pension funds who sued the bank for allegedly misrepresenting its appetite for risk before booking nearly $1 billion in write-downs on troubled loans in 2016.
Bain Capital will pay AUD 3.5 billion ($2.5 billion) for Virgin Australia in a deal that will see the airline’s unsecured creditors, including several large banks, get very little of their money back, a report released Tuesday shows.
Wirecard will let go more than half of its staff and terminate the contracts of its management board to preserve capital as a Munich court on Tuesday opened insolvency proceedings for the collapsed payments processor, the company’s administrator said.
Six of Australia’s largest financial institutions have paid or offered AUD 296 million ($212 million) in the first half of the year to customers they charged fees without providing service or gave noncompliant advice, hiking total payouts for the violations to AUD 1.05 billion ($751.6 million), the country’s financial regulator said.
Australian fintech Afterpay has acquired Spanish peer Pagantis, setting its sights on expanding into Europe as it continues to benefit from the boom in e-commerce prompted by the coronavirus pandemic.
AMP Chairman David Murray and a fellow board member have resigned, and the CEO of AMP Capital was demoted after investors demanded the Australian wealth manager address claims of sexual harassment among the company’s top tier.
India’s antitrust regulator has dismissed a case against WhatsApp, removing one hurdle for the Facebook-owned online messaging platform to launch its long-anticipated payments feature in the country.
Wirecard, the German payments processor that crumbled into insolvency amid a massive accounting scandal, has successfully sold off parts of two foreign subsidiaries and is close to shedding its U.S. unit, an administrator for the fintech said.