Global Economy
Wells Fargo Will Settle Lawsuit Over Account Abuses With $110M Payment
Wells Fargo & Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the ...
Brussels or Luxembourg? Lloyd’s Will Reportedly Choose One as EU Hub
Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, ...
AmTrust Warned Annual Report Delay Knocks Insurer Out of NASDAQ, NYSE Compliance
AmTrust Financial Services disclosed it has received warnings from both the NASDAQ and the New York Stock Exchange that it is not in compliance with listing rules, due to delays over the filing of ...
EU May Introduce Passporting for Fintech Services
The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London's leading position in "fintech" as Britain ...
The Latest Launches From Chubb, Liberty Mutual, Neon and More
Liberty Mutual now offers builder's risk coverage for large contractors, property owners and their brokers. AIG is drumming up interest for a new auto insurance telematics device with a safe driver ...
Lloyd’s Backs Coverage for Sellers Suspended From Amazon
Like many people who make their living selling stuff on Amazon.com, Rob Griffin is terrified of getting kicked off the site. Two years ago the Atlanta resident was suspended for selling a banned ...
EU Will Crack Down on States Luring Brexit-Impacted Businesses From UK
The European Commission is seeking to crack down on states using regulatory shortcuts to lure business from Britain and said on Tuesday it is considering a more powerful securities watchdog to ...
Google Pairs With Sister Company to Defend Election Groups Against Cyber Attacks
Google and sister company Jigsaw are joining forces to defend election organizers and civic groups against cyber attacks free of charge as the broader tech industry seeks to fend off criticism that ...