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...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...
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...Greg Jackson, founder of the UK’s fast-growing Octopus Energy Group, told me Woods’ remarks revealed that some fossil fuel companies were “admitting that they can’t do this” energy transition....
...The European Central Bank and Bank of England have refused to declare victory over inflation....
...the traditional way of selling ETFs, through banks or insurance companies....
...The wall of buying has Beijing’s fingerprints all over it as Central Huijin, an investment arm of China’s sovereign wealth fund, joined a raft of state-owned insurance companies and asset managers in buying...
...Much of this year’s cascade into money market funds in the US has been driven by retail investors rather than corporate treasurers, mutual funds and insurance companies....
...Central banks do not intend to reverse course — a point Fed chair Jay Powell hammered home at August’s Jackson Hole symposium....
...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....
...For some, the financial burden is being eased by employers who are increasingly offering funding for egg-freezing and IVF as part of their private health insurance benefits....
...The Central Bank of Ireland requires Ucits funds to include “Ucits ETF” in each sub-fund name if it offers any ETF share classes alongside mutual fund classes....
...by direct access to Fed liquidity and federal deposit insurance....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...They say that the fees they can charge in most cases are capped at about €7,000 and are often paid by their clients’ insurance. “It’s cost intensive,” said Cäsar-Preller owner Joachim Cäsar-Preller....
...“Today we issue close to 120,000 loans a day and over 200,000-250,000 insurance policies per day,” said Sanjiv Bajaj, chair of holding company Bajaj Finserv....
...A: 11.1 per cent Which central bank’s logo features a detailed drawing of a zebra? A: Bank of Botswana 2....
...It took Washington Mutual nine days to lose $16.7bn, or about 9 per cent of deposits, back in 2008. Something has changed. So why not just insure all deposits?...
...Wednesday Iceland: Reykjavík’s central bank will decide if it will raise its main interest rate, which stands at 8.75 per cent....
...This idea would make the central bank the monopoly supplier of money in the economy. Management of the digital payment system could then be handed over to technology companies....
...Parliament is due to vote today on one of its central elements. Here are more details....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Perhaps because it is an accounting body with a boring name, PCAF has been more successful at attracting members from the US, such as Liberty Mutual and MassMutual....
...“It’s like an insurance company that doesn’t pay out when you have an accident,” he said....
...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...Either they must be like a mutual fund. So the value of your liabilities moved with the value of your assets....
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