Bloomberg Bitcoin climbed towards $40,000 in a rally that helped the market value of digital tokens scale a new peak. The largest cryptocurrency rises as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000. The value of more than 6,000 tokens tracked by CoinGecko hit an unprecedented $1.22 trillion. The jump comes …

Bloomberg Westpac Banking Corp. is working with JPMorgan Chase & Co. as it prepares to kick off a formal sale process for its life insurance business as soon as this month, according to people with knowledge of the matter. AIA Group Ltd., Dai-ichi Life Holdings Inc. and Meiji Yasuda Life Insurance Co. are among the firms that have been approached …

Bloomberg BNP Paribas signalled higher revenue and potential share buybacks this year after reporting weaker-than-expected trading results and a slowdown at fixed-income business. The French bank posted an uneven fourth-quarter performance that saw net income and provisions beat estimates, while overall revenue and trading came in below expectations. While the lender signaled an uncertain outlook as the pandemic continues to …