With government approval, Bridgewater Associates plans to use a new unit based in China to raise billions of dollars to buy and sell assets in the country. It could give founder Ray Dalio the kind of clout that has largely eluded Western financial firms in the world’s second-largest economy.
Having homeowners insurance is no guarantee against major losses for those who live in Hurricane Irma’s path.
For many of America’s personal-line insurance companies, the biggest hit from Hurricane Harvey will be car policies, not homes.
A year after Wells Fargo’s sales-practices scandal erupted, the bank has changed its leadership and lost valuable ground to rivals. Yet executives still face an array of legal challenges that may take months if not years to sort out.
The contours of a deal to fund insurer payments critical to the Affordable Care Act took shape Thursday, even as conservative lawmakers and the White House pushed an alternative plan to repeal parts of the law.
Cigna has produced great growth and with pricing power and protection from government rules should keep growing.
Nordea is moving its headquarters from Sweden to the eurozone, where the bank hopes for better tax and capital treatment.
Hurricane Irma will test a Florida insurance market where a wave of large insurers aggressively reduced their footprint, replaced by smaller firms and a state-backed body.
Citigroup Inc. has tapped a UBS Group AG investment banker to head up its chemicals coverage for Europe, the Middle East and Africa, the second time this week the big U.S. bank has announced a new hire from its Switzerland-based rival.
Hurricane Irma and Tropical Storm Harvey could present the first widespread use of policies that require homeowners to pay anywhere from 1% to about 10% of the total insured value of the building or its contents.
The San Francisco-based finance firm led by Jack Dorsey plans to submit an application on Thursday to form a wholly owned bank based in Utah, the company said.
A Senate panel’s report provides details on the operation of the Insys Reimbursement Center, tasked with helping secure authorization from insurers for prescriptions of Subsys, an inhaled form of fentanyl.
For bank stocks, a host of factors from interest rates to loan growth are all looking worse.
Why insurers’ losses from Hurricanes Harvey and Irma could be Detroit car makers’ gains.
Investors love China Merchants but the bank looks vulnerable as Beijing cracks down on aggressive tactics.
Banks and other underwriters of commercial mortgage-backed securities are on track to issue more notes in September than any other month this year.
Strong first-half results for the likes of ICBC and Bank of China mask several ongoing problems.
Ernst & Young recorded global revenue of $31.4 billion in its latest fiscal year, up 6% from the previous year in U.S. dollar terms, the Big Four accounting firm said Monday evening.
The state’s payments are a fraction of the more than $36 million owed to health providers by Arches Health Plan, a co-op that was created to offer insurance plans under President Obama’s Affordable Care Act.
U.S. bank stocks dropped in August as interest rates slipped, and some money managers say lenders have farther to fall.