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...He then returned to Europe, becoming chief executive of UK insurer Prudential and then Credit Suisse, which he ran from 2015 until he departed in 2020 following a corporate spying scandal....
...Bond losses contributed to the collapse of California lender Silicon Valley Bank. CAF’s owner, Charities Aid Foundation, offered £15mn in new debt to shore up the bank’s finances in early August....
...Who Mexico Sotheby’s International Realty Villa, Baja California, $19.85mn Where On a hillside overlooking Palmilla Beach, at the tip of the Baja California peninsula....
...Who Sotheby’s International Realty House, Serra Retreat, $12mn Where In a gated community with a rural feel in Eastern Malibu....
...Who Coldwell Banker Warburg House, Malibu, California, US, $14mn Where A five-minute drive from Malibu Beach, to the west of Los Angeles....
...The Bank of England’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK...
...Who Sotheby’s International Realty House, Riviera, $4.995mn Where On Sycamore Canyon Road in the north-east of the city of Santa Barbara....
...Regulators at the Prudential Regulation Authority have estimated that the reform could reduce the special capital requirement for illiquid assets by 30 per cent for general insurers (such as Aspen and Beazley...
...Estate, Napa Valley, California, $14.995mn Where On Wooden Valley Road in Napa, California. It’s 1 hour 20 minutes by car to San Francisco international airport in low traffic....
...Australia’s prudential regulator made one of its key supervision priorities this year the “availability, affordability and sustainability” of insurance....
...Secretary of State Antony Blinken in Manila for an official two-day visit, where he is expected to meet President Ferdinand Marcos Jr, before travelling to Seoul for the Summit for Democracy Tuesday US: California...
...House, Joshua Tree, California, US, $18mn Where On the edge of Joshua Tree National Park in south-eastern California, a desert area known for its striking rock formations....
...In a statement published on its website, SVB UK said that after “conversations” with UK financial regulator the Prudential Regulation Authority, “there is an intention, barring any intervening event, to...
...Who Sotheby’s International Realty Estate, Lake Tahoe, California, $21mn Where On the West Shore of Lake Tahoe, California....
...When you think of it as a prudential measure, it does make some sense....
...This is a giant reset for the industry,” said Ron Dickerman, president of Madison International Realty. “All real estate is likely worth less now than it was six or 12 months ago.”...
...Who Sotheby’s International Realty House, Brentwood, $9.75mn Where In the Crestwood Hills area of Brentwood, 3 miles from I-405 and 4 miles from the Getty Center. LAX is a 30-45 minute drive....
...California-based SVB imploded last month....
...SVB UK has been swept up in the implosion of California-based Silicon Valley Bank, which US regulators shut on Friday....
...The largest share of commercial mortgages — more than 27 per cent — are in California, home of Silicon Valley Bank’s panicky venture capitalists, and more importantly many of their portfolio companies....
...The BoE’s Prudential Regulation Authority “discussed these with both the firm and the San Francisco Federal Reserve”, Bailey wrote....
...US regulators shut down SVB UK’s parent company on Friday after a run on the California-based bank....
...An hour later, the sale proceeded after a call between Griffith, BoE deputy governor Dave Ramsden, and Prudential Regulation Authority head Sam Woods....
...The UK’s Prudential Regulation Authority declined to comment on these figures. SVB UK declined to comment....
...SVB said it had been told that the Prudential Regulation Authority planned to begin resolution measures on “Sunday evening, barring any intervening event”....
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