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...The UK-Swiss deal is based on the mutual recognition of each other’s regulatory regimes and is intended to bolster the City of London in a post-Brexit era....
...CorpAcq has a portfolio of about 40 companies in England, which typically have an annual ebitda of $25mn and above....
...had been lifted only weeks earlier in England....
...The list of advisers includes Sir Douglas Flint, chair of Abrdn; Sir Ron Kalifa, independent director at the Bank of England; Baroness Shriti Vadera, chair of Prudential; Sir John Kingman, chair of Legal...
...Bar Mutual, established in 1988, provides primary professional indemnity insurance to all self-employed barristers in England and Wales up to a value of £2.5mn....
...Berkshire Hathaway’s cash pile surged to a record $157bn in a quarter in which chief executive Warren Buffett continued to sell stakes in publicly traded companies, as the so-called Oracle of Omaha found...
...The debate reached the UK this week when the Bank of England Governor and the Chancellor raised the prospect of higher limits on deposit insurance....
...In 2008, it took Washington Mutual nine days to lose about 9 per cent of deposits. SVB lost $40bn in deposits, 23 per cent of its total, in a day. Deposits have also grown....
...Last week, Bank of England governor Andrew Bailey declared that the UK’s deposit insurance scheme, which guarantees £85,000 of a customer’s money, may need reforming — and chancellor Jeremy Hunt agreed....
...Chart of the day The costs of entrenched high inflation in the UK cannot be ignored. The Bank of England may not be able to fix everything, but it must get this under control, writes Martin Wolf....
...Also, while extending deposit insurance, increase insurance premia and link them to the risk-characteristics of banks, such as leverage....
...The Bank of England has also moved to put the UK arm of Silicon Valley Bank into resolution after it applied for £1.8bn of liquidity....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Finally, targets do not have to include the scope 3 emissions of insurers’ clients — emissions related to their supply chains and the use of products — for many companies, the biggest part of their carbon...
...The collapse of the $209bn-in-assets lender marks the second-largest bank failure in US history after the 2008 shuttering of Washington Mutual....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...Things going wrong, and putting them right again, is the essence of insurance. How companies manage their claims is crucial not only to profitability but also to keeping customers onboard....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...Terry Green is one of tens or maybe hundreds of thousands of people in England who call themselves Gipsies or Travellers....
...In other words, Fidelity was a major player but in terms of sheer size it was not even within touching distance of the big bank trust departments, insurance companies, or many direct, “pure” asset management...
...“Labour has pledged to double the size of the co-operative and mutual sector,” she says....
...of the mutual’s investments....
...the upkeep or even insurance of their London properties....
...I rode in the second lorry with Charlie Bailey, 23, owner of General Haulage of Great Britain, driver of one of his company’s three trucks and employer and student of the 23-year haulage veteran ahead of...
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