News Highlights: Top Financial Services News of the Day

11/23/2020 | 07:16am
Chinese State-Owned Bank Stops Digital Bond Sale That Was Drawing Scrutiny 
 

China Construction Bank decided not to proceed with a sale of up to $3 billion in short-term debt in an offshore financial center in Malaysia.

 
Bain Capital Raises $800 Million for Second Impact Investing Fund 
 

Bain Capital has raised $800 million in fresh capital to back businesses that the firm bets will benefit not only fund investors but also society at large.

 
New Wave of Climate Tech Boosted by Biden Win 
 

Venture investors are already increasing their interest in climate-tech even without much federal government support.

 
Bitcoin Trades Near Record, Finds New Audience 
 

The cryptocurrency has attracted a broad array of investors, including the Wall Street billionaires Paul Tudor Jones and Stanley Druckenmiller as well as sports radio host Gregg Giannotti.

 
European Insurers Prepare for Deals 
 

The insurers say they have weathered the crucible of the coronavirus pandemic and are ready to do some deals.

 
Credit Agricole to Buy Italian Bank Credito Valtellinese 
 

Credit Agricole said its Italian subsidiary has launched a cash tender offer to buy Credito Valtellinese for EUR737 million.

 
Aviva Sells Italian Unit 
 

Aviva has sold its Italian life insurance joint venture to banking group UBI for EUR400 million.

 
Banks Give Black-Owned Businesses Advantage on Supply-Chain Finance Terms 
 

Citigroup, JPMorgan Chase and Bank of America are offering preferred terms to Black-owned firms in supply-chain finance programs, after decades in which U.S. banks charged Black borrowers higher rates or denied them service.

 
Singapore Central Bank Launches CNY Funding Initiative for Banks 
 

Singapore's central bank has launched a new initiative to offer $3.81 billion worth of funding in Chinese yuan to banks in Singapore.

 
Zurich Insurance in Talks to Acquire MetLife's Car, Home Insurance Unit 
 

Zurich's announcement confirms part of a report by Reuters that the Swiss company is in advanced talks to acquire MetLife's car and home insurance unit for close to $4 billion, citing people familiar with the matter.

(END) Dow Jones Newswires

11-23-20 0715ET

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