Global Economy
In a Post-Brexit World, UK Financial Services Face These Potential Scenarios
A stand-off between Britain and the European Union over the future of London's vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on ...
Cryptocurrency Risks Underscored in New $1B U.S. Lawsuit
One of the highest profile digital-currency projects in Switzerland, a country that's been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders ...
EU Offers Britain Post-Brexit Trade Deal Far Short of May’s Wishes
The EU on Wednesday offered Britain a free trade deal for their post-Brexit ties that fell well short of ambitions set out by Prime Minister Theresa May last week, notably for the country's dominant ...
BlackBerry Sues Facebook, Alleging Patent Violations Over Messaging Tech
BlackBerry Ltd., seeking ways to stem revenue declines, is dusting off its old patents and asking other companies to pay up for using technology BlackBerry claims it invented years ago. The latest ...
AXA’s $15.3B Deal to Buy XL Group Leads to S&P CreditWatch Negative Status
Standard & Poor's placed France's AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the ...
Zurich Insurance, Others With WEF Create Fintech Cybersecurity Consortium
The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial ...
U.S. Insurers Underprepared for a Large Cyber Attack, Warn AIR Casualty-Cyber Seminar Panelists
Panelists speaking at the 2018 AIR Casualty-Cyber Seminar, held Feb. 27 in New York City, expressed concern that the U.S. insurance industry is underprepared to experience a large cyber attack, ...
Sompo International Rolls Out European Specialty Insurance Underwriting Division
Sompo International is launching a new European specialty insurance underwriting operation. The Bermuda-based specialty provider of property/casualty insurance said the division initially will focus ...