archiveFIN

Banking

Should new tech rules apply to Microsoft’s Bing, Apple’s iMessage, EU asks

A sign of Microsoft Corp's Bing search engine is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China September 21, 2018. Picture taken September 21, 2018. REUTERS/Stringer/File Photo Acquire Licensing RightsBRUSSELS, Oct 9 (Reuters) - EU antitrust regulators are asking Microsoft's (MSFT.O) users and rivals whether Bing should comply with new tough tech rules and also whether that should be the case for Apple's (AAPL.O) iMessage, people familiar with the matter said on Monday.The European Commission in September opened investigations to assess whether Microsoft's Bing, Edge and Microsoft...
Banking

Several US big banks allow staff in Israel to work from home

Oct 9 (Reuters) - Several U.S. banks have told their staff in Israel to work from home for the near future as the country goes on war footing and mobilises reserve troops following a deadly attack by Palestinian Islamist group Hamas two days ago.JPMorgan Chase (JPM.N), the largest U.S. bank with more than 200 employees in Israel, and Citigroup (C.N) have approved such a work plan, sources at the Wall Street lenders told Reuters on Monday.Investment banking giant Goldman Sachs (GS.N) has also directed employees at its Tel Aviv offices...
Mortgages

Surging bond yields add to Canadian homeowners’ mortgage pain as renewals loom

TORONTO, Oct 7 (Reuters) - The roughly 75,000 Canadian homeowners awaiting mortgage renewal notices next month are bracing for a shock interest rate jump due to a surprise rise in global bond yields, which will further squeeze already tight household budgets.In Canada, homeowners can take out five-year mortgages, unlike in the U.S. where customers can snag a 30-year mortgage. This means many Canadians who locked into sub 2% fixed-rate mortgages five years back are preparing for renewal letters with a steep rise in interest rates, made worse by the bonds...
Finance

Aviva weighs bid for RSA’s UK consumer unit -sources

A sign of RSA insurance company is pictured outside its office in London in this December 13, 2013. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Oct 6 (Reuters) - Aviva Plc (AV.L) is among a small handful of insurers exploring bids for the UK consumer operations of rival RSA, two people familiar with the matter told Reuters.RSA's owner, Intact Financial Corp (IFC.TO), said last month it was reviewing strategic options for RSA's personal lines business, which includes home and pet insurance, to focus on commercial insurance.Suitors have been asked to submit...
1 39 40 41 42 43 163
Page 41 of 163