Financial Services

With consumers reluctant to venture out to a lab or doctor’s office, insurers are crunching the data in existing digital records.

Intesa Sanpaolo’s successful pursuit of Italian peer UBI shows that local consolidation is possible, and barriers to cross-border deals may be slipping too.

Commercial real-estate loans to fund malls, offices and the like could end up performing worse than expected.

Goldman Sachs restated its second-quarter earnings lower after reaching a $3.9 billion settlement with the government of Malaysia to resolve an investigation into its work for a corrupt investment fund.

Insurers don’t have to cover workplace Covid-19 testing that an employer does to broadly screen for infection among employees, according to federal guidance.

Bond investors are wary about a return of coronavirus-induced volatility, despite central banks’ efforts to backstop credit markets.

Third Point Reinsurance, backed by U.S. hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group, whose majority shareholder in China has been under financial pressure.

The Trump administration’s latest moves against China could have profound impacts. But the winners and losers might not be who they seem.

Chinese companies with shares traded on U.S. stock exchanges would be forced to give up their listings unless they comply with American auditing requirements, under a Trump administration proposal.

A prominent hedge-fund manager has been accused of using his influence at investment bank Jefferies to profit from buying shares in MyTheresa, a Neiman Marcus e-commerce spinoff.

The Turkish lira hit a record low against the dollar despite efforts by the country’s central bank to curtail its fall.

A top banking regulator has fined Capital One Financial $80 million over a 2019 hack that compromised the personal information of about 106 million card customers and applicants.

The Bank of England said the U.K. economy will take until the end of next year to make up the ground lost during the pandemic, after suffering what it estimates was the steepest quarterly fall in output among rich countries.

Rocket Cos., the parent of Quicken Loans, priced shares below its target range, with an offering of 100 million shares at $18 apiece. The stock is expected to start trading Thursday on the New York Stock Exchange.

CVS Health raised its earnings expectations for the year and said delays getting Covid-19 test results to customers are abating after backlogs led to extended wait-times.

There is some life in the restaurant and retail trade after all, despite the pandemic.

Federal Reserve Vice Chairman Richard Clarida said he expects the economy to grow in the third quarter, adding that activity could return to pre-pandemic levels by the end of 2021.

After a feud with fellow oil exporter Saudi Arabia, Russia’s efforts to shore up its finances may be paying off.

Commerzbank, Germany’s second-largest lender, took a big financial hit from its exposure to fintech firm Wirecard.