Hints and tips:
...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...
...Woods told the Treasury select committee last week that they could not move to a “zero risk” system where 100 per cent of deposits were instantly accessible....
...Labour MP Darren Jones, who chairs the House of Commons business, energy and industrial strategy select committee, urged the government to reduce support for households slowly and invest more in cutting...
...As always you can reach me at sid.v@ft.com....
...Darren Jones, head of the business and energy select committee, on Thursday wrote to Kwasi Kwarteng, business secretary, asking if the government ignored expert advice that would have allowed the company...
...Perhaps insurance companies would also buy them as a hedge. Annuities from insurers are considered poor value for money now because rates are so low....
...Former chancellor Philip Hammond was back (virtually) at the Treasury select committee this week to give his views on a post-cororanvirus economy....
...We want to have select exposure to IG credit and now prefer select safe credit exposure to pure cyclical exposure....
...Sweeping reforms of UK pensions are in “great danger” of being derailed because insurance companies are withdrawing cover for financial advisers providing advice on retirement arrangements, according to...
...[O]ur advice to investors is to select bank stocks on the basis of 5-key criteria: (1) Invest in large banks....
...MPs flagged up broader concerns about banks’ failure to cater for some of their more vulnerable customers — with examples ranging from unreasonably high insurance costs for people with HIV, to touchscreen...
...A three-bedroom villa in Taormina is on the market for €1.35m with E&V....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...The tie-up between the number two and three brokerage companies in the insurance industry would be a game changer but competition authorities (and rivals) are likely to have something to say about it....
...Without progress, Mr Jones said that there would be a “loss of confidence” that would force companies to consider “alternative business models in order to serve customers in the European Union”....
...“The CEO job self-selects for ‘can-do’ types,” he wrote....
...(FT) HK v SH The fight to attract IPOs used to play out between Hong Kong and Singapore but now the focus has moved northward....
...It said that the group will “now collaborate with Nordic Trustee [the bond's appointed trustee] to select the third-party advisor to conduct the valuation of Lebara Digital Group B.V. and its subsidiaries...
...outcome of its review into the insurance sector to the Daily Telegraph — a move that caused mayhem in insurance share prices....
...We know you are busy, so we cut through the noise on the most important trends and select smart reads from across the FT and elsewhere....
...The company, for one, is private....
...China Life Insurance, itself a monstrous state company, is taking by far the largest stake of any single group, at 10 per cent....
...But the show’s editor, Huw Kennair-Jones, is not giving anything away....
...At the same time it is more in the spotlight, as the conduct and misdemeanours of the financial services companies remain big news....
...She made her Met debut as Gilda in the company’s controversial Vegas-style Rigoletto earlier this month....
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