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...Standard Chartered has sounded out UK political heavyweights Sir Charles Roxburgh and Sir Sajid Javid as potential candidates for its next chair when José Viñals steps down....
...The coalition’s request sets out a much tougher standard on climate issues than is commonly applied....
...European banks found to have breached US sanctions on Iran have been hit with large penalties, with Standard Chartered paying more than $1bn and UniCredit $1.3bn in 2019....
...He will replace former banking and insurance executive David Godfrey on several of Nomura’s European and UK boards in April....
...Ingosstrakh said it maintains higher standards on vetting clients than many rivals....
...Munich Re’s main insurance business Ergo provided about €700mn in loans, while Germany’s fourth largest insurance group R+V lent €500mn, more than half of which is not collateralised, according to the documents...
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...US proposals for implementing the final round of international banking standards, dubbed the Basel III endgame reforms, have provoked fierce opposition from Wall Street since they were put forward in July...
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
...The head of Standard Chartered’s investment bank is leaving as part of a leadership overhaul designed to boost performance at the emerging markets lender....
...Standard Chartered’s chief executive Bill Winters said the bank’s “crap” share price did not reflect its true value, as fourth-quarter profits surged almost tenfold....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...The deal would also be a rare acquisition of a listed company by a mutual, which is owned by its more than 16mn members who have a current account, mortgage or savings with the company....
...In October, HSBC’s rival Standard Chartered took a $700mn impairment charge on its investment in China Bohai Bank, another mainland lender. StanChart reports its full-year earnings on Friday....
...Third, a repricing of climate risks has led to a sharp rise in the cost of property catastrophe reinsurance — or insurance for insurance companies....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...The FCA’s probe has echoes of the payment protection insurance scandal, which eventually led to banks paying out more than £50bn....
...Standard Chartered shares fell sharply after it reported disappointing third-quarter profits, taking almost $900mn in charges linked to its exposure to China and warning that its lending margins were narrowing...
...The insurance industry has pushed for such a move to help London’s insurance market catch up with rival hubs such as Bermuda and the US....
...The transport companies were so busy moving art, they ran out of trucks.” If Germany wants this art back, “the law should be scrapped,” says Blau....
...The flood maps that Fema uses to set premiums for its federally underwritten National Flood Insurance Program — which is how most Americans get flood insurance — are outdated....
...Laura Hughes, its manager for general insurance policy, said the government should “guarantee that flood prevention and resilience measures are considered in all planning decisions and building standards...
...The UK carried out a similar intervention in the takeover of Northern & Shell Media Group by Trinity Mirror in 2018, and the sale of a 30 per cent stake in the Evening Standard and the Independent to a Saudi...
...Better building standards could curb rising losses. More investment in climate change mitigation could do the same....
...Revolut declined to comment before this story was published, but subsequently stated that it had always used a well-known third-party accountancy package and that it was “industry standard” to use in-house...
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