BATON ROUGE, La. (AP) — Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans' escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers.
Cryptocurrency, the blockchain-based digital currency that has captured the interest of investors and financial service firms alike, has a challenging problem. It can be hard to actually spend this currency like you would regular money.
Younger generations seem to have a knack for disrupting the status quo, and life insurance may be next on the list. As Generation Z and millennial workers challenge the concept of a traditional career and drive an increase in freelancing, the role of workplace group life insurance in long-term financial plans is likely to change.
The Allianz financial services company is warning that lawsuits brought by U.S. investors against the company could end up having a material impact on its future financial results.
The major German company made the disclosure Sunday, noting that it received a request from the U.S.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."
Huawei set sights on digital financial services to diversify revenue sources as US sanctions hit smartphone, telecoms equipment business
Chinese telecommunications giant Huawei Technologies is aiming to tap the rapid pace of digitalisation in the global financial services industry after its network gear and smartphone businesses were dragged down by US sanctions.
WASHINGTON (AP) — The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.
SINGAPORE (AP) — Indonesian ride hailing company Gojek and the country's biggest e-commerce firm Tokopedia said Monday that they are merging to form the GoTo Group, adding to surging competition in Southeast Asia that is attracting billions of dollars from investors.
LONDON (AP) — Former British Prime Minister David Cameron said Thursday he never suspected that a financial services company he lobbied for would go under, threatening thousands of jobs at a steel firm it helped finance.
NEW YORK (AP) — The nation's consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash.
Under President Biden, the Consumer Financial Protection Bureau has rescinded or scaled back a number of policies put in place by the Trump administration.
LOS ANGELES (AP) — Eli Broad, the billionaire philanthropist, contemporary art collector and entrepreneur who co-founded homebuilding pioneer Kaufman and Broad Inc. and launched financial services giant SunAmerica Inc., died Friday in Los Angeles.
HONG KONG (AP) — Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen anti-monopoly measures.
LONDON (AP) — The controversy over former British Prime Minister David Cameron’s lobbying on behalf of a now-bankrupt financial services firm deepened Monday as the government launched an investigation that opponents immediately labeled a “cover-up.”
WASHINGTON (AP) — Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell told Congress on Tuesday that more must be done to limit the economic damage from the coronavirus pandemic.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the economic recovery from the coronavirus pandemic has progressed more quickly than expected, but the central bank does not intend to let up in its support efforts.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday:
Nike Inc., down $5.68 to $137.49.
The athletic shoe and apparel maker's fiscal third-quarter revenue fell short of Wall Street forecasts.
TIAA on Thursday named Thasunda Brown Duckett as its new chief executive officer.
Duckett comes to the financial services firm from JPMorgan Chase, where she was CEO of Chase Consumer Banking.
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.
WASHINGTON (AP) — The GameStop saga has been portrayed as a victory of the little guy over Wall Street giants but not everyone agrees, including some lawmakers in Washington.
GameStop shares soared 1,600% in January before falling back to earth.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that many mid-size U.S. businesses are now able to borrow from banks, suggesting that the need for a Fed lending program that was designed to serve struggling medium-size companies has waned.
Financial irregularities across African football have been unearthed in a confidential audit of the continent’s governing body that raises concerns about the legitimacy of millions of dollars of cash payments that were distributed to executives and national associations with sparse records.