Insurer Globe Life says its audit found no financial reporting discrepancies

Globe Life said on Monday an independent audit committee did not identify any matter requiring adjustments to its previously issued financial statements or related disclosures with the U.S. securities regulator.

Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers into infrastructure such as EV charging stations to boost growth.

Investment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions, as more big deals face challenges by regulators.

Truist Financial reported a 33% drop in second-quarter profit on Monday, dragged down by a $5.1 billion loss on the sale of some securities and lower net interest income (NII).

Patchy progress on implementing reforms to make money market funds and other types of “non banks” safer has left the global financial system vulnerable to more shocks, the G20’s risk watchdog said on Monday.

HDFC Bank’s shares rose nearly 2.5% on Monday, after India’s top private lender reported improved margins for a second consecutive quarter, and said it will normalise a key liquidity ratio going forward.

China Bohai Bank said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets.

China’s $715 billion hedge fund industry is facing renewed pressure from stringent regulations coming into effect next month, forcing some investment firms to seek fresh capital from white knights or even shut shop.

Geopolitical rivalries, including brewing trade battles between the United States and China, now trump inflation as the biggest worry for sovereign wealth funds and central banks managing some $22 trillion in assets, an Invesco survey published on Monday showed.

A top U.S. bank regulator’s confidential assessments found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of a broad swath of risks ranging from cyberattacks to employee blunders, Bloomberg News reported on Sunday.

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