Nomura Holdings has signed an agreement with Japan Post Bank, Japan Post, and Sumitomo Mitsui Trust Bank, Limited to establish a new asset management company and develop asset management products.

Nomura will take a 20 percent stake in the new company, while Japan Post Bank will take a 45 percent stake, Sumitomo Mitsui Trust Bank a 30 percent stake, and Japan Post a 5 percent stake.

Genworth Financial, Inc. (NYSE: GNW) announces it has entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council1consultation process.

The Consumer Financial Protection Bureau (CFPB) has ordered Citibank, N.A. and its subsidiaries to provide an estimated $700 million in relief to eligible consumers harmed by illegal practices related to credit card add-on products and services. Roughly 7 million consumer accounts were affected by Citibank’s deceptive marketing, billing, and administration of debt protection and credit monitoring add-on products. A Citibank subsidiary also deceptively charged expedited payment fees to nearly 1.8 million consumer accounts during collection calls.

 Money Mover, the online business currency exchange and international payments service dedicated to SMEs, today announced that it has raised £1m from a group of financiers, entrepreneurs and technologists, including Andy Homer and Sir Peter Michael. Money Mover aims to make international money transfer an asset rather than an inhibitor for SME growth by empowering businesses to make international money transfers quickly, at significantly reduced costs and with complete exchange rate transparency.

A Tale of Two Cities                                                                                                                                               

The most used line in speeches is from "A Tale of Two Cities:: "It was the Spring of Hope and the Winter of  our discontent."

Music is distinct from noise. Eloquence is distinct from data. Just as data requires intelligence, instinct and imagination to become information, so does any form of human endeavor, including music, speech, economics.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Stephen Scharf to the newly-created position of Chief Security Officer (CSO). The appointment will centralize and align the firm’s global information security, physical security, employee safety, and crisis/incident management functions, ensuring a comprehensive and holistic approach to risk management and resilience across the organization.

OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, today announces its selection by new international commodities marketing and trading enterprise - Javelin Global Commodities (Javelin), as their trading and risk management system, supporting the enterprise’s drive for growth in financial and physical trading.

 Numerex Corp (NASDAQ:NMRX), a leading provider of interactive machine-to-machine (M2M) solutions enabling the Internet of Things (IoT), today announced that RTC Manufacturing, a leading provider of school zone safety equipment, has collaborated with Numerex to provide remote connectivity to school-zone warning flashers for enhanced student safety.

Netwrix Auditor has been chosen by FXCM Inc. (NYSE:FXCM) to help improve security of critical business assets and data, and to simplify the process of passing compliance audits.