Insurance

Global demand for U.S. stocks, bonds and other financial assets weakened in June from a month earlier as the White House and Congress wrangled over raising the debt limit, according to the U.S. Treasury Department, …

Bank of America Corp. plans to sell its credit card business in Canada to TD Bank Group and will exit its card business in the United Kingdom and Ireland, Reuters reported. The agreement with TD …

Billionaire investor Warren Buffett said he doesn’t want to be “coddled” by Congress, that wealthier Americans should pay higher taxes and that higher taxes do not dampen job growth. In an opinion piece published today …

Aviva plc announced Thursday that it is selling Aviva Investors Australia Ltd. to nabInvest, National Australia Bank’s direct asset management business.

The transaction, which is subject to regulatory approval, is expected to close in the …

Wells Fargo Insurance Services USA Inc. has named Thomas Hayden as senior vice president and Midwest health-care practice leader.

Hayden will coordinate brokerage team efforts in delivering product knowledge and risk management consultation to Midwest …

Standard & Poor’s, which lowered thousands of municipal-bond ratings tied to the federal government, won’t make further downgrades until details of U.S. spending cuts are settled, Bloomberg reported.

“We don’t have enough information,” Steve Murphy, …

Mutual of Omaha Bank announced today it has signed a card issuing agreement with
TMG Financial Services, a Des Moines-based credit card agent-issuer. A subsidiary of Mutual of Omaha, the bank has $5 billion in …

Capital One announced this morning that it will purchase the U.S. credit card arm of HSBC for $2.6 billion, Reuters reported. HSBC has a credit card portfolio with $30 billion in receivables. Capital One said …