International
ACE Completes Acquisition of Mexican Surety Lines Company
ACE Limited has completed the acquisition of Fianzas Monterrey in Mexico from New York Life Insurance Co. for approximately $293 million in cash. Mexico City-based Fianzas Monterrey is Mexico's ...
Services Growth Could Signal Britain Will Escape New Recession
Britain's dominant services industry grew at its strongest pace in five months in January, a small boost to chances the country might narrowly skirt a new recession. Output in the sector, which ...China to Strengthen Regulation of Financial Products
China will strengthen supervision of new financial products, particularly ones with complex structures and high leverage, to combat potential risks to the banking sector, the industry's regulator ...
UK’s New Regulators Take Over; FCA Now Responsible For Insurance Sector
In a move that is certainly not an April Fool's Day joke, the Financial Services Authority (FSA), which has been responsible for regulating the UK's financial services industry since 1997, including ...
Taiwan Welcoming Bigger Investment by Chinese Banks in Financial Sector
Taiwan will ease rules to allow Chinese banks to buy bigger stakes in local banks and permit more Chinese firms to invest in its financial industry, the island's financial regulator said on Monday, ...
Japan Economic Policy At Critical Point; ‘Historic’ Shifts Could Unfold This Week: Reuters
'Historic' is an overused word. But if the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as, well, historic. Because of ...
U.S. Dismisses Most Claims In LIBOR Private Lawsuits; Finds For Banks
The world's biggest banks won a major victory on Friday when a U.S. judge dismissed a "substantial portion" of the claims in private lawsuits accusing them of rigging global benchmark interest rates. ...
U.S. Insurance Regulators Renew Training Pact with Chinese Regulators
U.S. insurance regulators will continue a program of information sharing and cooperation that helps their counterparts in China learn about insurance regulatory practices in the U.S. The National ...