Finance, Banking & Insurance

Beijing – October 13, 2026 -- Yiren Digital Ltd. (NYSE: YRD) said its Executive Chairman and CEO, Ning Tang, has been subject to criminal compulsory measures and may be unable to perform his duties for an extended period.

Police notice cites probe into affiliates of controlling shareholder

The Company said it learned of a police notice published on October 13, 2026. The notice states that Tang is subject to the measures in connection with an investigation involving certain affiliates of Yiren Digital's controlling shareholder.

Yiren Digital has received no official notice from the relevant authorities. It said it cannot comment on the nature, status, timeline or potential outcome of the investigation or any related legal proceedings.

Erie – October 13, 2026 -- Erie Indemnity Company (NASDAQ: ERIE) will report third-quarter 2026 financial results after the market close on Thursday, October 29, followed by a pre-recorded audio webcast for the financial community at 10 a.m. Eastern Time on Friday, October 30.

Erie Indemnity splits its earnings release and webcast across two days

The company will publish its results press release on October 29, after trading ends. The webcast follows the next morning, 10 a.m. ET on October 30, so investors will have the figures for roughly a full overnight session before the audio commentary.

Pre-recorded audio will be hosted on the Investor Relations website

The audio will be available on the company's Investor Relations website. Participants who prefer to listen by phone must use a registration link supplied by the company, which provides the access details.

Cairo – October 13, 2026 -- Barbados cut public debt from 104.1% of GDP at end-FY2023/24 to 96% at end-March 2026, backed by a primary fiscal surplus of 4.2% of GDP in FY2025/26, according to a Country Brief released by African Export-Import Bank (Afreximbank).

Growth to slow to 1.9% in 2026 after 5.6% post-pandemic average

GDP growth averaged 5.6% between 2021 and 2026, driven by the rebound in tourism. Afreximbank forecasts expansion of 1.9% in 2026 and 2.3% in 2027. It cites resilient tourism inflows, a strong pipeline of investment projects and targeted government support for households and businesses.

Cary, N.C. – October 13, 2026 -- Chartis Research has named SAS a Category Leader for Operational Risk Analytics, rating the vendor best-in-class or leading in seven capability areas of its integrated governance, resilience and compliance (iGRC) assessment for financial services.

The ranking credits the combination of SAS Governance and Compliance Manager (GCM) and the SAS Viya platform. Chartis cited SAS' analytically consistent, governed coverage across multiple risk domains. The assessment and the update to the RiskTech Quadrant for Operational Risk Analytics appear in the report Integrated Governance, Resilience and Compliance Solutions – Financial Services, 2026: Quadrant Update, published in June 2026.

Chartis rates SAS best-in-class or leading across seven capability areas

Chartis rated the SAS platform on the following criteria:

New York – October 13, 2026 -- B. Riley Securities, Inc. has hired Michael Masiuk, a banker with more than 25 years of experience, as Managing Director in its New York Investment Banking team to expand growth capital, M&A advisory and proprietary deal origination coverage.

Masiuk deepens coverage of sports, media and technology sponsors

Masiuk will cover corporate and financial sponsor clients in the sports, media, and technology sectors. His remit expands the firm's growth and private capital, M&A advisory, and proprietary deal origination capabilities.

His experience spans investment banking, hedge funds, and the entertainment industry. He has originated and executed transactions across public and private capital markets, including growth equity, crossover rounds, and buyouts.

New York – October 13, 2026 -- Raytheon, an RTX business, secured a contract worth up to $6.3 billion for Standard Missile-3 Block IB interceptors, as large-cap indexes closed last week near record levels while the Russell 2000 fell 0.91% to 2,806.98.

S&P 500 closes 0.3% below its 52-week high as Nasdaq adds 0.64%

The S&P 500 gained 1.15% on the week to 7,811.54, just short of its 52-week high of 7,844.52, which it reached as its weekly high. Support sits near 7,793.68. The Nasdaq Composite rose 0.64% to 27,366.17 after hitting a 52-week high of 27,722.75 during the week, with support at 27,288.79.

The Dow Jones Industrial Average climbed 0.93% to 51,654.95, trading between 50,862.85 and 51,765.11. It now sits just above the early June 2026 high of 51,660.40, which acts as near-term resistance.

San Francisco – October 13, 2026 -- PayJoy, which serves more than 20 million customers across nine countries, has acquired select strategic assets of Finia AI, Inc., a venture-backed fintech that built AI underwriting for micro-businesses in Mexico. The announcement did not state a price.

PayJoy to apply Finia's underwriting technology across its global platform

The deal lets PayJoy use Finia's technology and expertise to strengthen its underwriting and widen its product range for customers with limited access to formal credit. PayJoy operates in Latin America, Africa and Asia, offering digitally secured smartphone financing, credit lines and the PayJoy Card. It has financed more than $3.5 billion of loans and employs more than 1,000 people.

New York – October 13, 2026 -- Canyon Partners, a $30 billion global alternative investment manager, has appointed Chris Hansen as Partner and Chief Information Officer, tasking him with integrating artificial intelligence and alternative data across its investment platform.

Hansen takes charge of technology strategy and infrastructure from New York

Hansen oversees the firm's technology strategy and infrastructure. His remit covers information technology, business technology, engineering, data architecture, and the integration of AI and alternative data.

He will work with Canyon's investment and operating teams to embed technology and data in investment research, underwriting, portfolio management, and firmwide operations.

New York – October 13, 2026 -- Software Experts has named Melio the top accounts payable platform for flexible vendor payments among small businesses, citing a five-tier pricing structure that starts free and reaches $80 per month for unlimited ACH payments.

The review assessed invoice capture, payment approvals, vendor transactions, accounting synchronization and cash flow management. Software Experts said Melio links the main AP stages in one platform, so businesses no longer need separate spreadsheets, banking portals and manual reconciliation.

South Korea – October 12, 2026 -- CrowdStrike Intelligence has linked a late-September to early-October 2026 campaign against South Korean financial organizations, which resulted in exfiltrated data, to attacker servers that exposed Claude Code session histories, ARTEX configuration files and Claude memory files.

The actor used ARTEX, a recently released open-source agentic penetration testing tool developed in China, alongside large language models (LLMs). CrowdStrike assesses with moderate confidence that the actor is a Chinese speaker and financially motivated, based on the tool choice and Chinese-language prompts. The activity has not been attributed to a named adversary.