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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...This exposure has increased by £800mn over the past year, which the company told the Financial Times was primarily because of the “inflation indexing” of the bonds it has insured....
...Ingosstrakh separately confirmed that it reserved the right to cancel cover for vessels caught selling oil above the price cap — even if vessels had avoided using western services....
...Such groups might have the benefit of a trailing wind from policymakers: Labour aims to double the size of the UK’s co-operative and mutual financial services sector, according to its financial services...
...This is a critical challenge in financial services....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...to German security services....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Investors’ bond holdings are insured in the same kind of way, too....
...One silver lining for NYCB is that 80 per cent of its deposit base is either insured or collateralised. Logically, this should keep deposit levels steady....
...Since 2009, the FDIC has issued 86 new insured commercial bank charters....
...“The boat is insured, the bridge is insured, the port authority is insured.” The episode would show “how insurance works”, he added....
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Insured losses of $108bn for 2023 were broadly in line with the five-year average....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
...The UK’s top financial regulator has banned a former compliance executive at collapsed London Capital & Finance from working in financial services, in the first such ban handed out over the 2019 minibonds...
...Barclays has agreed to buy the bulk of Tesco’s banking business in a £600mn deal, as UK supermarket chains accelerate their retreat from an ill-fated expansion into financial services....
Most European and UK lenders have not suffered the same fallout as their US peers
...Some financial services companies have made progress towards engaging with their neurodiverse customers....
...Hunt hopes that it will serve as a blueprint for financial services deals with other countries....
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