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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...
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...The partnership entails no “financial commitment on either end”, said Kimberly Powell, vice-president of healthcare at Nvidia....
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...Also in the group is Manuel Sánchez Rodriguez, a former top executive at Spanish bank BBVA and a board member, since 2018, of the US government-backed mortgage insurance company Fannie Mae....
...Berkshire after Buffett: The second part of our series on the company’s future looks at Ajit Jain, the risk “genius” running Berkshire Hathaway’s insurance operations....
...into bank parent companies....
...“Insurers will insure electric cars, but some are pickier than others,” said Mike Powell, motor insurance expert at Defaqto, which analyses and rates financial products....
...Fed chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to reach the target level that would allow the central bank to cut rates....
...That doughty — somewhat dull — Canadian insurance company known as Manulife does not often attract attention. This week, however, it caused a frisson in the real estate world....
...But it’s insurance — you should pay for insurance, you shouldn’t get paid for it. Nassim would say, well, there is a fair amount of alpha to how you construct the options strategies....
...Martin Gruenberg, chair of the Federal Deposit Insurance Corporation, warned of “significant downside risks to the banking industry”....
...As we’ve covered previously, the US’s auto insurance rates have soared 24 per cent over the past two years (v BLS data)....
...The Big Read Earlier this week, Knight Insurance Group, one of a handful of companies owned by Los Angeles-based subprime auto loan billionaire Don Hankey, put up the $175mn bond for Donald Trump....
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Knight Insurance agreed to underwrite the former president’s more palatable, reduced $175mn bond....
...Prices of non-housing core services make up less than a quarter of the total inflation basket, and some, such as auto insurance, have been unusually, persistently hot....
...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....
...The party will also pledge to clamp down on water companies polluting the sea, rivers and lakes by expanding the powers of industry regulator Ofwat....
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...reduction of 2p in national insurance, a move that will benefit 27mn workers, replicating the move made in his Autumn statement....
...Yesterday, Fed chair Jerome Powell hedged on exactly when they’d start to cut rates. Voice clip of Jerome Powell We believe that our policy rate is likely at its peak for this tightening cycle....
...Powell on Friday said no decision had yet been made for the June meeting....
...But hospitals, insurance companies and others are creating roles to navigate and harness the disruptive technology, The New York Times writes....
...Kathleen Donnelly KC acted for 555 sub-postmasters in a 2019 High Court case, known as Bates v Post Office, that led to revelations the company had pursued thousands of people between 2000 and 2014 with...
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