Hints and tips:
...Lloyd’s boss John Neal told the Financial Times that the incident had the potential to produce the largest marine insurance claim in history, topping the crash of the cruise ship Costa Concordia in 2012,...
...Deposit Insurance Corporation last year....
...Data from the Federal Deposit Insurance Corporation shows it remained at a rate of just 1.5 per cent at the end of the third quarter....
...Shareholders are asking US insurance groups Hartford, Travelers, Berkshire Hathaway and Chubb to act faster to evaluate human rights and race issues, and to stop underwriting new oil and gas projects, at...
...Financial Times readers will recognise Apax as one of the UK’s biggest buyout groups, which has taken companies such as Tommy Hilfiger private....
...John Kerry is to remain involved in raising finance for the clean energy transition after stepping aside as the top US climate official, to be replaced by another White House veteran John Podesta....
...Congress: Major banking regulators, including the chair for supervision at the Federal Reserve and the chair of the Federal Deposit Insurance Corporation, will testify before the US Senate Committee on Banking...
...Gains for companies such as insurance group Skyward Specialty and biotech company Rayzebio more than offset losses for high profile tech flops like Instacart....
...“If big insurance companies and friendly billionaires think he’s too big a credit risk, who might bail him out instead? What sort of collateral could Trump offer in return?”...
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...Former Rolls-Royce chief executive Warren East has joined carbon capture developer C-Capture as group chair....
...Globally, insurance companies manage assets of about $44tn, according to the International Association of Insurance Supervisors....
...Coalition’s Motta said that the group, which does some business through Lloyd’s, will continue to offer cyber insurance with its existing exclusions on those policies it sells on other markets....
...The courtroom drama behind Apollo’s $500mn loan sale When failed US trucking group Yellow filed for bankruptcy last week, its lawyers at Kirkland & Ellis filed papers in a federal court in Delaware saying...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Lorie Logan, president of the Federal Reserve Bank of Dallas and a voting member on the Federal Open Market Committee, on Thursday said there was not yet convincing evidence for a pause....
...It’s important that the analysts cite “insurance groups” and not individual insurance companies, because life insurers’ corporate structures and regulatory environments are very different than banks’....
...In the US, the Treasury and Federal Reserve announced on Sunday night that the Federal Deposit Insurance Corporation would provide emergency funding to protect SVB’s depositors, even if shareholders and...
...“We have engaged with federal law enforcement and other agencies . . . and with industry-leading cyber security experts,” said Progress....
...We valued Maserati at about €6bn after surveying its peer group. John Lewis is another famous brand that could be open to external investment....
...US bank turmoil: The Federal Reserve will release its highly anticipated report into the collapse of Silicon Valley Bank and, separately, the Federal Deposit Insurance Corporation reports on how it supervised...
...Exclusive: Jeb Bush’s private equity firm held talks with the owners of Israeli spyware company NSO Group over a deal that would have seen the former Florida governor sell its products, including Pegasus...
...But until SVB imploded, regulators at the Federal Reserve and Federal Deposit Insurance Corporation presumed that if a regional lender ever ran into trouble, a bank run would occur slowly enough to let regulators...
...Exclusive: Blackstone is talking to US regional banks about partnerships that would see lenders making or “originating” loans that the private equity group would then funnel to its insurance customers....
...The Federal Deposit Insurance Corporation estimates that US banks’ unrealised losses on securities were $620bn at the end of 2022....
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