Financial Services

Builders aren’t the only ones that benefit from a homebuying wave, and private insurers such as MGIC may not be quite as risky as they seem.

Auto and home insurers have seen a lower frequency of incidents as people stay at home. But policy rates may keep adjusting lower to reflect that.

Smith & Wesson Brands’ new finance chief faces the challenge of navigating the gun industry’s booms and busts, as a recent surge in firearms demand calls for a ramp-up in production even as the company looks to stay lean.

A number of Covid-19 patients, the exact size of which is unknown, develop long-term medical problems from the novel coronavirus that require extended and often expensive medical care, stressing families’ financial security and taxing an already strained health system.

HDFC Bank has been priced for perfection and until now, it has delivered. But India’s bleak economic outlook will strain its ability to maintain sector-beating growth rates and asset quality.

When hedge-fund manager Dan Kamensky found out a prominent investment bank might challenge him for a piece of Neiman Marcus Group’s crown-jewel asset, he set about eliminating his competition, a government inquiry found.

Florida prosecutors charged Guggenheim Partners’s top insurance executive with negligence and reckless driving stemming from his role in a late December boating collision near Fort Lauderdale.

Following the Covid-19 outbreak, loan rates vary more widely between jumbo lenders.

European Central Bank officials signaled that they could roll out new monetary stimulus to shore up economic growth.

The Turkish central bank kept its benchmark interest rate unchanged, in line with President Recep Tayyip Erdogan’s demand to keep it low, but leaving the emerging economy exposed to further capital flight and a potential currency crisis similar to the selloff that beset Turkey two years ago.

The pandemic has shed fresh light on the need for workers to make sure their budgets, wills and insurance coverage are in good shape no matter what their age.

A federal judge sentenced insurance executive Greg Lindberg to seven years and three months in prison for attempting to bribe an insurance commissioner with campaign contributions to secure more favorable regulatory treatment for his insurers.

Minutes from the Fed’s latest policy meeting are likely to shed more light on how central bank officials will wrap up their yearlong strategy review by effectively abandoning their past practice of pre-emptively lifting interest rates to head off higher inflation.

The Bank of Nova Scotia agreed to pay more than $127 million to settle civil and criminal allegations in connection with its role in what authorities described as a massive price-manipulation scheme.

Federal Reserve officials said at their meeting last month they expected the economy would require greater support recovering from the coronavirus pandemic but were hazy about when they should deploy their tools.

Hedge funds that invest in banks are getting bloodied this year, leading to double-digit losses and shutdowns for some funds.

U.S. stocks edged lower Wednesday, a day after the S&P 500 set its first record close since February, after Federal Reserve officials highlighted the uncertainties facing the economy.

The traders have asked U.S. District Judge John Z. Lee to order a prosecutor to search Justice Department files for evidence that could be exculpatory.

Citigroup widened its effort to claw back money it wired to Revlon lenders, suing more investment firms that say they don’t believe a major financial institution sent them portions of a $900 million payment by mistake.