Sustainable investing hampered by lack of companies making positive impact: ISS

2 hours ago.
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 to move over 100 London staff to EU cities before Brexit: Bloomberg

2 hours ago.
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.

UK clampdown on insurance pricing likely to hurt profits: Fitch

2 hours ago.
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.

UK watchdog asked to ‘compel’ Hiscox COVID-19 BI payouts after court ruling

Last modified an hour ago. Published 3 hours ago.
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 partners with banks to roll out blockchain-based cross-border trade platform

4 hours ago.
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 adds China to influential World Government Bond Index

6 hours ago.
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, QBE among insurers who won’t deduct COVID-19 grants from UK BI payments

Last modified an hour ago. Published 6 hours ago.
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 in talks to sell off Italy business in pieces: Reuters

6 hours ago.
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.

More than one-third of UK financial institutions plan job cuts: Lloyds Bank

6 hours ago.
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.

Swiss Re continues streamlining with reorganization of corporate solutions arm

9 hours ago.
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.

Winklevoss-founded crypto exchange Gemini debuts in the UK

September 24, 2020.
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.

Swedbank Robur debuts novel Paris Agreement-aligned funds

September 24, 2020.
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.

Reinsurance capital partially rebounded despite steep COVID-19 losses: Aon

September 24, 2020.
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.

State Street Global Advisors launches new ETF aimed at short-term investors

September 24, 2020.
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.

Swiss central bank keeps interest rates steady in anticipation of slow recovery

September 24, 2020.
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.

UK banks urged to crack down on remote employee conduct violations

September 24, 2020.
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 launches first ESG corporate bond ETF, adding to sustainability offerings

September 24, 2020.
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 US, Europe, Japan will not recover to pre-pandemic strength until 2023: S&P

September 24, 2020.
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 creates new leadership role focused on diversity and inclusion

September 24, 2020.
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.

Deutsche Bank cleared of tax liability in lawsuit linked to German trading scandal

September 23, 2020.
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.