Tag: Financial services
Insurer AXA halts ransomware crime reimbursement in France
BOSTON — In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse...
Fed warns US financial system remains vulnerable to threats
WASHINGTON — The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility...
Gap to sell Intermix clothing chain to private equity firm.
NEW YORK — Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners.
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Powell sees need to help most vulnerable in uneven recovery
WASHINGTON — Federal Reserve Chairman Jerome Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven...
New Deal: Colorado-national consortium buys community papers
DENVER — The Colorado Sun, a Denver-based online news operation created three years ago by journalists who left The Denver Post, has partnered with...
Employers, insurers push to make virtual visits regular care
Make telemedicine your first choice for most doctor visits. That’s the message some U.S. employers and insurers are sending with a new wave of...
Yellen: Biden’s phased-in spending plan won’t fuel inflation
WASHINGTON — President Joe Biden’s massive proposed spending on infrastructure, families and education will not fuel inflation because the plans would be phased in...
Powell’s high-stakes bet: More jobs but only mild inflation
WASHINGTON — With employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.
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Beijing warns fintech firms against anti-monopoly behavior
HONG KONG — Chinese financial regulators have summoned 13 companies engaged in online finance services, including Tencent and Bytedance, and told them to strengthen...
Merchants sue Federal Reserve over fees for debit cards
NEW YORK — Two trade groups representing businesses in North Dakota filed a lawsuit Thursday against the Federal Reserve, asking the agency to lower...
