Hints and tips:
...But at a private event last month, one executive at the corporation that oversees the market told underwriters that it has not yet seen clear evidence that a warming climate is a major driver in claims costs...
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...One of the largest penalties imposed on a New York corporation, the judgment has ballooned the former president’s legal costs, which he is struggling to cover while mounting a campaign for the presidency...
...Reinsurance group Swiss Re calculated the global insurance industry had racked up $50bn in losses from natural disasters in the first six months of 2023, marking the worst start to a year since 2011....
...In its half-year results on Wednesday, FTSE 100 insurer Hiscox said natural catastrophe reinsurance prices in North America were up 43 per cent....
...“Decarbonisation and M&A” would also drive growth at the Swiss-based business after the spin-off, the company said....
...But Swiss Re Corporate Solutions America, part of the group’s commercial insurance arm, has agreed to provide cover for claims of up to $20mn to Buckskin Mining Company, valid from March 2023 until March...
...This started in the postwar decades when Levi’s and Coke “were” America. Later, more negatively, McDonald’s took over that role....
...Regulators have raised concerns about the pace of buyouts, whether providers were being tempted to do deals outside their core expertise, and the risks of some of the reinsurance deals that they are building...
...Alongside America’s highways, billboards jostle for drivers’ attention....
...LA mogul class Music industry giant Jimmy Iovine and rapper Dr Dre are hoping to shake up education in America’s underprivileged cities, reports the FT....
...Future of Asset Management North America Hosted by the Financial Times, in collaboration with Ignites and FundFire, Future of Asset Management North America is taking place on September 27-28 at etc.venues...
...But a report from the Swiss reinsurance group argues that given the murky economic outlook and the volume of weak “zombie” companies, a US junk bond default rate of 15 per cent — last seen in the wake of...
...It was arranged by Bank of America, which has muscled its way into a market previously dominated by collapsed Swiss bank Credit Suisse....
...But now there is a more encouraging reason to watch the Swiss bank....
...And I think that is, you know, one of the sources of tension between corporate America and political America that we always see being played out....
...Swiss authorities arranged the shotgun wedding of Credit Suisse to its larger rival on Sunday....
...Bank Corporation....
...The US government and large banks stepped in to steady the system while the Swiss central bank provided a $54bn emergency backstop for lender Credit Suisse....
...But on Wall Street, at least, Jamie Dimon is America’s answer to King Charles III — adulated by some, resented by others, but incontrovertibly powerful....
.... — Gillian Tett PS join us on October 24-25 for the Moral Money Summit Americas....
...More specifically, a key issue hurting sentiment around America’s regional banks and the Silicon Valley Bank disaster is that no one currently knows for sure how far the Federal Deposit Insurance Corporation...
...A further $848mn in gains came from bets against First Republic, whose shares fell 89 per cent in March, before it received an emergency capital injection from 11 of America’s largest banks....
...The important news is that Swiss authorities, like the Federal Reserve, are taking financial stress seriously....
...Smart reads A very Swiss scandal A $22mn alleged fraud at Julius Baer has cast a light on the opaque world of Zürich’s independent wealth advisers, the FT reports....
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