Hints and tips:
Related Special Reports
...Ingosstrakh said it maintains higher standards on vetting clients than many rivals....
...Many UK businesses with large pension schemes have offloaded them to life insurance companies....
...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 move is an edict from Andy Sieg, who runs Citi’s wealth management division and joined the company last year from Bank of America....
...The Australian businessman’s company Greensill Capital, which counted former UK prime minister David Cameron as an adviser, collapsed in 2021 after failing to renew its insurance cover....
...The company declined to comment. UL Solutions is owned by the non-profit group UL Standards & Engagement....
...The firm collapsed in March 2021 after it failed to renew its insurance cover....
...There are of course other important announcements due this week, not least a steady flow of results, probably best described as a smorgasbord, from retailers and drugmakers to technology companies and insurance...
...into bank parent companies....
...The financial services plan will be launched on Thursday at a Labour business day attended by 400 business leaders, including from companies such as Google, Shell, AstraZeneca, Airbus and Goldman Sachs....
...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...
...“We still get the calls [from SVB] making sure we stand behind some of these companies, but it feels like there has been a tightening . . . standards have increased.”...
...Some bankers argue that will leave big American banks at a competitive disadvantage to international rivals in the eyes of both clients and investors....
...The head of Standard Chartered’s investment bank Simon Cooper is leaving as part of a leadership overhaul designed to boost performance at the emerging markets lender....
...Both are alumni of consultancy McKinsey and came to insurance as outsiders — Wilson’s first job in insurance was at L&G, joining from events company UBM....
...The expansion has fuelled disgruntlement among bankers, fund directors, insurance executives and others....
...The Ulez charge has come alongside rising premiums for car insurance and higher petrol and diesel costs....
...When a bank fails, the least cost standard requires the FDIC to sell the bank to the highest bidder irrespective of the impact on competition....
...The tougher standards would affect not just global behemoths but also those with $100bn or more in assets, many of them supervised by the FDIC....
...Underwriters have put in tougher exclusions on standard cyber policies for major state-backed cyber attacks, meaning such events will not typically be covered, unnerving some big commercial clients....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...The City’s other important earners were foreign exchange trading, cross-border lending, asset management and insurance. Equities trail by a mile....
...The number of bankers earning €1mn or more fell 12 per cent to 505....
...A $3bn charge on HSBC’s stake in China’s Bank of Communications, in which it has a 19 per cent holding, is significantly larger than the charge peer Standard Chartered has taken on its China bank stake,...
...“The BMA would not approve any transaction that the [insurance company’s home] regulator does not support,” said the BMA....
International Edition