Hints and tips:
...While the Fed, the OCC and Federal Deposit Insurance Corporation have the authority to block deals under banking laws, the US Department of Justice may challenge bank mergers citing antitrust statutes....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...First Republic founder Jim Herbert and advisers, Peter Orszag at Lazard and the Sullivan & Cromwell law firm, scrambled to keep the bank independent....
...JAB has acquired stakes in two companies from Fairfax, taking over its interests in Crum & Forster Pet Insurance Group and Pethealth in a deal announced on Monday....
...AI is giving underwriters godlike powers, according to the president of Sompo Holdings, one of Japan’s biggest insurance companies....
...Recommended reading ClearBank reaches profitability The fintech, which offers embedded banking — allowing non-financial companies to offer products such as insurance or payments — launched in 2017 as the...
...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....
...The group is not alone in using such technologies to enhance the traditional mix of salesmanship and problem-solving that typifies insurance brokerage....
...Last Tuesday, Oleg Tinkov, the outspoken founder of the group, unleashed an expletive-strewn volley of social media posts, denouncing Russia’s invasion of Ukraine....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...The company is also backed by Japan’s largest venture capital group, JAFCO....
...MoneyLion has added Even’s insurance and personal loan services into its banking app and hopes the company’s software offering will also bring new customers to its own products....
...Companies that sell software to insurance groups have also fared better....
...In February, the price of Bitcoin soared after Tesla founder Elon Musk said the company had ploughed $1.5bn into the cryptocurrency, and went on to reach a record high of more than $60,000 in April....
...(New York Times) You’ve got mail The founders of the email marketing group MailChimp effectively became billionaires overnight when it was bought by the tax software company Intuit for $12bn....
...(FT) FT 1000: Europe’s fastest-growing companies Green power group Bulb Energy has been named Europe’s fastest-growing company in 2021, topping the fifth annual FT-Statista ranking with compound annual...
...In the news Apollo to merge with Athene Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative...
...Mr Youngkin, a 25-year veteran at the buyout group, became co-chief alongside Mr Lee in 2018 after the company’s founders said they would step back from the day-to-day running of the business....
...In a report this year, Boston Consulting Group and Morgan Stanley looked at how the money is divided up in the German life insurance industry....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...Over the past 18 months, brands from insurance groups to ice cream sellers have paid him — typically several thousands of dollars per post — to promote their products....
...If the We Company were to shelve the listing, it would also lose access to a $6bn loan from a group of banks, including JPMorgan Chase and Goldman Sachs, that was contingent on the IPO raising at least $3bn...
...It draws executives from the nearby asset managers and insurance companies, as well as an artistic crowd. Just recently, Drouant reopened following a revamp by interior designers Fabrizio Casiraghi....
...glee at the company's largesse....
...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....
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