Bitcoin Holds Below $70,000 as Risk-Off Mood Pressures Crypto
Bitcoin fell below $70,000 for the first time since August and was on track for its sixth weekly loss as expectations of higher rates and the tech stock selloff sapped risk appetite.
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Baker McKenzie Looks to Abandon the Billable Hour
The law firm is shifting away from billing clients by the hour as a default, a sign of how artificial intelligence is upending traditional payment structures in the industry.
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Aviva Sees Outlook on Track After Insurance Premiums, Wealth Inflows Rise
The insurer reported a rise in premiums and a 29% increase in wealth net inflows compared with the year-earlier period.
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Generali Signals Confidence in Beating Targets After Earnings Rise
The Italian insurer reported a rise in net profit for the first nine months of the year despite higher losses from natural catastrophes and human-made events.
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Brookfield Earnings Buoyed by Fund Raising, Wealth Solutions Growth
Brookfield notched stronger earnings in the third quarter as the investment firm saw strong fundraising in its asset-management operations and growth in wealth solutions.
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Strategy, the World's Biggest Corporate Bitcoin Holder, to Be Dropped From MSCI Indexes
Strategy stock dropped premarket after MSCI ruled the company ineligible for its global indexes.
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Another Winner From the Midterms: Crusaders Against Insurance Companies
California's incoming insurance commissioner wants to impose profit caps on home and auto insurers.
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Munich Re Posts Profit Decline Despite Lower-Than-Expected Major Losses
The reinsurer's third-quarter net profit was less than that of the same period a year before, when its results were flattered by exceptionally low major-loss expenditures.
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Metro Bank Hangs Up 'For Sale' Sign
The lender said Thursday that it wasn't in any active discussions and it hadn't received an approach for a potential takeover.
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Beijing Is Trying to Build a Chinese Rival for Insuring World Shipping
Officials have been sounding out shippers, banks and insurers in China about amassing funds for a marine-insurance hub.
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Financial Services Roundup: Market Talk
Find insight on home sales, Brookfield, Metro Bank and more in the latest Market Talks covering financial services.
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NYSE Affiliate to Launch 24/7 Tokenized Stock Trading This Month
Eligible U.S. customers will be able to trade tokenized versions of more than 70 assets starting on Nov. 23, said Intercontinental Exchange and OKX's joint venture OKXICE.
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Nasdaq-Backed Payward Launches Tokenized Versions of European Stocks
The Nasdaq-backed company launched tokenized versions of more than 200 of the most-traded U.K. and European stocks.
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Western Union Scraps $500 Million International Money Express Takeover
Western Union has ended its $500 million deal to buy fellow cross-border payment company International Money Express, or Intermex, due to pushback from California regulators.
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Asset Manager's Insurers Dogged by Fraud at 777 Partners
Insurance holding company A-CAP funded investment firm 777 before its collapse, leaving insurer balance sheets with illiquid bets that have drawn regulators' attention.
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Wall Street Pay Set to Climb After Volatile Markets and IPOs Fuel Bank Profits
Traders and investment bankers are set to see among the biggest bumps in bonuses.
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