Financial Services

In tapping Rep. Tom Price and Medicaid consultant Seema Verma for top health positions, President-elect Donald Trump is signaling that he intends to put conservative health-policy goals at the forefront of his administration.

With one of Lynn Tilton’s Zohar funds on the auction block, MBIA Insurance Corp. creditors struck a $363 million deal to help the insurance company absorb an expected default on another of her soured investment vehicles.

Gary Cohn, president and chief operating officer of Goldman Sachs, was among those set to meet with the president-elect Tuesday, the Trump campaign said.

Michael Gibson, the Federal Reserve’s director of bank regulation, said that if a Trump administration seeks to roll back new banking rules adopted since the financial crisis, it will likely find regulatory staff open to smaller changes but resistant to major ones.

A recent report says many buyers are confused

When investors buy into a global bank they aren’t just buying one institution: increasingly they are funding multiple banks in different regions.

Two of Australia’s largest banks, ANZ and Macquarie, admitted that several employees in Singapore tried to manipulate the benchmark rate for the Malaysian ringgit.

I would recommend states prohibit auto-insurance rating based on anything but claims turned in and where one lives.

Program’s expansion under health law included many states run by Republicans, who could face backlash if funding is cut.

Anbang is pursuing its first international bond offering, as the acquisitive Chinese insurer raises money to fund its ambitions to grow abroad and at home, according to people familiar with the situation.

The ECB is reviewing “on an ongoing basis” how to lend out more of its massive bond portfolio to investors, a move that may ease stresses in European financial markets.

The European Union put forward its latest pieces of post-financial crisis bank regulation, as it attempts to foster growth in the bloc’s struggling economies.

The Justice Department and health insurer Anthem Inc. each sought to score points Tuesday when Cigna Corp. Chief Executive David Cordani took the witness stand in a trial that will determine the fate of the two companies’ proposed merger.

Medicare beneficiaries could face big changes as President-elect Donald Trump and the Republican Party, fresh off their election sweep, look to revamp the federal health-care system.

Health-insurance premiums for Alaskans have been soaring almost 40% a year. That prompted the state government to make a novel move: to pay health costs for about 500 of the sickest residents to hold down premiums for everyone else.

The European Union will propose new rules this week requiring big foreign banks to hold extra capital and liquidity inside the bloc, a step mirroring U.S. regulations aimed at strengthening oversight of overseas banks, EU officials said.

Brazil’s state-run Banco do Brasil SA will close 402 branches, as Latin America’s largest bank by assets plans to concentrate its efforts on its digital channels to increase profitability and reduce costs.