The skyline of Birmingham, Alabama, where Regions Financial is based. (Photo by Zach Searcy on Unsplash)
The skyline of Birmingham, Alabama, where Regions Financial is based. (Photo by Zach Searcy on Unsplash)Regions Financial is being investigated by a U.S. consumer protection watchdog, which is looking into policies that allowed the lender to take in hundreds of millions of dollars in overdraft and non-sufficient funds fees last year.

The AIG logo is shown above the post where it trades, on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)
The AIG logo is shown above the post where it trades, on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)American International Group executives said the carrier’s third-quarter turnaround allows it to push ahead with structural overhauls, including divesting its life insurance business through either an initial public offering or private sale.

People pass the AIG building, in New York. (AP Photo/Richard Drew)
People pass the AIG building, in New York. (AP Photo/Richard Drew)American International Group reported adjusted earnings of $709 million for the third quarter, exceeding Wall Street projections as rate improvements and improved investment returns outweighed heavy catastrophe losses for the carrier.

The MetLife building towers above Jules-Alexis Coutane’s statue of Mercury on top of Grand Central Terminal, March 8, 2015, in New York. (AP Photo/Mark Lennihan)
The MetLife building towers above Jules-Alexis Coutane’s statue of Mercury on top of Grand Central Terminal, March 8, 2015, in New York. (AP Photo/Mark Lennihan)MetLife executives said they expect the carrier to show improved profitability following a third quarter in which it expanded its major U.S. and Asia businesses, grew sales and cut expenses.

The skyline of New York City, home of MetLife. (AP Photo/John Minchillo)
The skyline of New York City, home of MetLife. (AP Photo/John Minchillo)MetLife beat analyst expectations for the third quarter, reporting adjusted earnings up 33% from the comparable 2019 period as rising equity markets boosted the insurer’s investment returns and hardening trends improved its underwriting results.

An Emirati man wears a protective mask as he walks past buildings in Abu Dhabi, United Arab Emirates Tuesday, Sept. 1, 2020. (Nir Elias/Pool via AP)
An Emirati man wears a protective mask as he walks past buildings in Abu Dhabi, United Arab Emirates Tuesday, Sept. 1, 2020. (Nir Elias/Pool via AP)Abu Dhabi's sovereign wealth fund led an investor group to chip in $700 million to a startup supported by SoftBank Group, as the fund continues to shift its oil-heavy portfolio toward technology-focused companies.

Lloyds plans major job cuts as the pandemic continues and markets change. (AP Photo/Kirsty Wigglesworth, file)
Lloyds plans major job cuts as the pandemic continues and markets change. (AP Photo/Kirsty Wigglesworth, file)Lloyds Banking Group, the U.K.’s largest domestic lender, will cut over 1,000 jobs mainly from its retail and technology units as the firm pares down operations amid an economic recession and a COVID-19 resurgence.

In this Aug. 28, 2019 photo, the Ameriprise Financial corporate logo is shown outside the headquarters of the Minnesota-based company in Minneapolis. (AP Photo/Jim Mone)
In this Aug. 28, 2019 photo, the Ameriprise Financial corporate logo is shown outside the headquarters of the Minnesota-based company in Minneapolis. (AP Photo/Jim Mone)U.S. insurer Ameriprise Financial was downgraded Tuesday by S&P Global Ratings, which cited concerns that the firm’s growing asset and wealth management business would expose it to higher risks.

The skyline of Toronto, home of the NEO Exchange. (AP Photo/Rebecca Blackwell)
The skyline of Toronto, home of the NEO Exchange. (AP Photo/Rebecca Blackwell)Bank of Nova Scotia’s asset management arm has rolled out a slate of four new exchange-traded funds designed to track stock and bond indexes weighted by market capitalization.

Wirecard headquarters in Munich, Germany, July 20, 2020. (AP Photo/Matthias Schrader)
Wirecard headquarters in Munich, Germany, July 20, 2020. (AP Photo/Matthias Schrader)A European Union markets watchdog said that German regulators were deficient in their supervision of Wirecard, the former fintech star now embroiled in criminal investigations related to a $2 billion accounting scandal.

United States Attorney for the Southern District of New York Geoffrey Berman speaks during a news conference in New York, July 8, 2019. (AP Photo/Richard Drew)
United States Attorney for the Southern District of New York Geoffrey Berman speaks during a news conference in New York, July 8, 2019. (AP Photo/Richard Drew)Apollo Global Management added a new general counsel for litigation and regulation while the private equity firm investigates co-founder Leon Black's relationship with convicted sex offender Jeffrey Epstein.

In this Oct. 8, 2019 photo, a person walks by a SoftBank shop in Tokyo. (AP Photo/Eugene Hoshiko)
In this Oct. 8, 2019 photo, a person walks by a SoftBank shop in Tokyo. (AP Photo/Eugene Hoshiko)SoftBank’s $100-billion Vision Fund lost its chief operating officer and four partners, as the technology and venture capital conglomerate faces a string of departures from its flagship investment vehicle, Bloomberg reported.

A new Guy Carpenter unit will focus on reinsurance for carriers working in the marine and energy markets. (Photo by Chris Pagan on Unsplash)
A new Guy Carpenter unit will focus on reinsurance for carriers working in the marine and energy markets. (Photo by Chris Pagan on Unsplash)Guy Carpenter, a subsidiary of broker Marsh & McLennan, has debuted a new unit dedicated to setting up reinsurance for carriers that write coverage for companies in the marine and energy industries.

A Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. (AP Photo/Mary Altaffer, File)
A Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange in New York. (AP Photo/Mary Altaffer, File)Lufax, a Chinese online lending and wealth management firm, raised $2.36 billion through an initial public offering in the U.S., scoring one of the year’s largest listings in the country as geopolitical tensions continue to simmer.

Goldman Sachs world headquarters (Creative Commons)
Goldman Sachs world headquarters (Creative Commons)A pair of money market funds managed by Goldman Sachs have absorbed large liquidity buffers since taking a hit from pandemic-related withdrawals in March, ahead of a U.S. presidential election that could again shake the $4.35 trillion industry.

Gazprombank, the parent company of Gazprombank (Switzerland), is based in Moscow, Russia. (Photo by Astemir Almov on Unsplash)
Gazprombank, the parent company of Gazprombank (Switzerland), is based in Moscow, Russia. (Photo by Astemir Almov on Unsplash)The Swiss subsidiary of Gazprombank was given approval by Switzerland’s financial regulator to launch cryptocurrency custody services, tapping growing international demand as Russia’s government plays down decentralized currencies’ prospects at home.

An aerial view of the Transamerica Pyramid Center in San Francisco, California. (Photo by Denys Nevozhai on Unsplash)
An aerial view of the Transamerica Pyramid Center in San Francisco, California. (Photo by Denys Nevozhai on Unsplash)Aegon sold the Transamerica Pyramid Center, a San Francisco landmark, for $650 million as part of a larger push to strengthen the firm’s balance sheet following a bruising first half of the 2020 fiscal year.

The skyline of San Diego, California, where ReAlign Insurance Holdings is based. (Photo by Lucas Davies on Unsplash)
The skyline of San Diego, California, where ReAlign Insurance Holdings is based. (Photo by Lucas Davies on Unsplash)ReAlign Insurance Holdings has formed Summit Specialty Insurance, a surplus lines carrier, as the company builds out a nationwide network to capitalize on growth in the specialty insurance segment.

Argentines wait in line for BBVA bank to open in Buenos Aires, Argentina. (AP Photo/Natacha Pisarenko)
Argentines wait in line for BBVA bank to open in Buenos Aires, Argentina. (AP Photo/Natacha Pisarenko)BBVA launched an online platform allowing businesses to streamline their payments to suppliers, as the lender builds out its supply chain finance offering in the U.S., Europe and parts of Latin America.

Coinbase Card’s U.S. users will be able to earn 4% back in Stellar Lumens or 1% back in Bitcoin, Coinbase said. (Photo by Clifford Photography on Unsplash)
Coinbase Card’s U.S. users will be able to earn 4% back in Stellar Lumens or 1% back in Bitcoin, Coinbase said. (Photo by Clifford Photography on Unsplash)Coinbase said Wednesday that it will now offer a cryptocurrency debit card to U.S. customers, expanding its footprint in the country as more companies launch payment tools designed to tap the growing crypto market.