Investors face limited environmental, social and governance-related options, with only a modest percentage of companies making substantive contributions to those goals, a shareholder advisory firm said.
Goldman Sachs has reportedly asked more than 100 London-based employees to sign new contracts and gear up for a move to the European Union, in the latest shift by a financial firm related to Brexit.
Analysts at Fitch Ratings warned that new reforms recently proposed by the U.K. Financial Conduct Authority to tackle high insurance prices in the home and motor insurance sectors could reduce non-life insurers’ profitability.
Lawyers for hundreds of Hiscox policyholders asked British regulators to force the company to pay out COVID-19 business interruption claims, saying it has “refused” to do so following a U.K. High Court ruling deeming insurers largely liable for such claims.
Ant Group on Friday unveiled a new cross-border trade finance platform powered by its Blockchain-based unit AntChain in partnership with major global banks as the Chinese fintech readies for its blockbuster initial public offering.
FTSE Russell will include Chinese government bonds in its World Government Bond Index beginning in October 2021, in a move that could result in up to $140 billion in additional inflows for China.
Zurich Insurance, QBE Insurance and Hiscox are among a dozen insurers who pledged not to deduct UK recovery grants from business interruption payouts, as the industry faces pressure to cover more pandemic-related losses.
Aviva is planning a “piecemeal sale” of its Italian operations, Reuters reported Friday, news that comes as the British insurer is looking to focus its business on the U.K., Ireland and Canada.
About 36% of U.K. financial institutions are expecting to cut jobs in the near future, as the country plunges further into a recession worse than in many other developed nations, according to a new report.
Major restructuring at Swiss Re will continue, with the Zurich-based reinsurer saying Friday that it will follow up on the disbandment of its life capital arm with a complete reorganization of its corporate solutions business unit.
Fintech Gemini rolled out its cryptocurrency exchange and custody services in the U.K. on Wednesday, in the latest expansion of the New York-based startup founded by Tyler and Cameron Winklevoss.
The asset management arm of Sweden’s third-largest bank on Thursday unveiled an apparently unique class of five funds whose investments formally align with climate targets in the Paris Agreement.
The global reinsurance industry partly restored its pre-pandemic capital in the second quarter even as COVID-19 and natural disasters lowered underwriting profits, reflecting the sector’s resilience, Aon found.
Boston-based State Street Global Advisors launched a new exchange-traded fund Thursday on the New York Stock Exchange that is designed to give investors access to ultra-short-term Treasury bills.
The Swiss National Bank joined the multitude of central banks keeping interest rates low on Thursday, noting a “high degree of uncertainty” in the economic forecast despite a pickup in activity in Switzerland.
A U.K. financial watchdog reportedly urged banks and investment managers to more closely supervise employees working from home as financial firms scale back return-to-office plans amid a resurgence of COVID-19 in the country.
Vanguard launched its first environmental, social and governance corporate bond exchange-traded fund Thursday, complementing the U.S. investment advisor’s current offerings of stock-based sustainability-focused ETFs.
Banks in the U.S., Europe and parts of Asia will not return to pre-pandemic levels of credit strength until 2023, S&P ratings said Wednesday, warning the sector may take years to recover after the launch of a successful vaccine.
HSBC Bank USA said Thursday it had created the new position of U.S. head of inclusion and culture, a role focused on growing the bank’s diversity efforts in response to continued demands for better minority representation at major companies.
A German court sided with Deutsche Bank on Wednesday in a yearslong dispute over whether it owed another German bank money for unpaid taxes linked to the “Cum-Ex” tax scandal, while opening the door to litigation against other parties.