Editors' picks for the year include a look at the uncertainties surrounding SoFi's plan to obtain a bank charter, the bankruptcy of a reinsurer and how one managed care insurer turned a profit in the ACA markets.
Bermuda reinsurer's bankruptcy hits commercial auto insurer
Commercial auto insurers faced considerable headwinds from a profitability perspective in general during 2016, but one carrier specializing in the business reportedly faced a unique challenge as it closed its books for the year.
Amazon's Whole Foods bid could spell trouble for payment companies
Terminal providers and merchant acquirers, two subsets of the payments industry that rely on foot traffic and transaction volume, might see changes ahead as a result of Amazon.com Inc.'s bid for Whole Foods Market Inc.
Uncertainty looms over SoFi's plan to obtain bank charter
Social Finance Inc. executives say the company is ready to be regulated more like a bank, but it is unclear how feasible it will be for SoFi to obtain the industrial bank charter it wants.
Slowly but surely, US investors pivoting to focus on sustainability
Momentum for sustainable investing is gaining as the world's largest asset managers and companies react to increasing investor demand for strategies that focus on environmental, social and governance issues.
BofA and Merrill together, forever changed
The unlikely marriage of Bank of America Corp. and Merrill Lynch & Co. Inc. brought with it the specter of a major culture clash, but the companies have managed to successfully transform each other.
Centene's Medicaid-like plans help it keep ACA markets profitable
Centene Corp. is carving out a niche as a health insurer focused on the Affordable Care Act markets as most other major managed care companies flee them.
Online brokers facing new competition look to woo millennials
An influx of millennial investors who expect cheaper, slicker investing platforms is causing an industrywide shift in how online brokers think about younger customers.