January 23, 2024
Via: DailyFXEUR/USD has been moving lower this week, but has so far managed to hold above its 200-day simple moving average near 1.0840. For sentiment around the euro to improve, the bulls have to protect this floor at all costs; failure […]
January 22, 2024
Via: Insurance JournalState and national news reports have raised questions about the impact that high property insurance premiums in Florida have had on the real estate market and if the costs are prompting some residents to consider moving elsewhere. The Miami Herald […]
January 19, 2024
Via: Banking DiveThe Federal Reserve has made headway in adding banks to its new FedNow system, with a tally of 400 participating financial institutions, but some of the biggest U.S. banks are still on the sidelines six months after the instant payments […]
January 18, 2024
Via: Insurance JournalUnderwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in […]
Capital and Risk, Insurance, Regulations
January 17, 2024
Via: Insurance JournalThe Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance Corp. more like an insurer of last resort, unrestricted by premium caps – at least for some expensive homes in […]
January 17, 2024
Via: Banking DiveA rule proposed Wednesday by the Consumer Financial Protection Bureau could reduce — to between $3 and $14 — the overdraft fees charged by banks with more than $10 billion in assets. Under the proposed rule, banks would classify overdraft […]
January 16, 2024
Via: Banking DiveCryptocurrency trading firm Genesis Global Trading will pay the New York State Department of Financial Services $8 million and surrender its BitLicense to settle allegations it violated the agency’s compliance regulations. Routine examinations and an investigation that followed found that […]
January 11, 2024
Via: FinTech FuturesThe bank has adopted the Apiture digital banking platform to expand its presence beyond its current communication channels of branch and telephone-based banking, in line with the growing customer preference for digital banking options. Apiture’s cloud-based platform includes five different […]
January 11, 2024
Via: YahooIn the latest market close, U.S. Bancorp (USB) reached $43.40, with a -0.14% movement compared to the previous day. This change lagged the S&P 500’s daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%. […]
January 10, 2024
Via: Insurance JournalLess than a month after Farmers Direct Insurance filed for a hefty rate increase on West Virginia auto liability policies, Progressive has followed suit with an almost identical request. The West Virginia insurance commissioner posted a bulletin Tuesday, noting that […]
January 10, 2024
Via: Insurance JournalThe U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the […]
January 10, 2024
Via: DailyFXThe Japanese Yen has fallen back to mid-December’s lows against the US dollar on Wednesday as more weak wage data out of Japan weigh on any idea that tighter monetary policy there could be coming anytime soon. Japanese workers’ real, […]
January 9, 2024
Via: TechBullionCryptocurrency trading is a complex and volatile activity, but it is also a very rewarding one. With the right tools and knowledge, anyone can make money in the cryptocurrency market. One of the most exciting new developments in the world […]
January 8, 2024
Via: DailyFXBitcoin ETF fever is pushing the price of the largest cryptocurrency by market capitalization back to highs last seen in April 2022. At least 10 companies have handed in amended and updated Bitcoin ETF applications and are waiting to hear […]
January 3, 2024
Via: JD SupraThe past year has been broadly characterized as one of limited public market activity and rising interest rates putting a dampener on access to capital. For the oil & gas industry, the volume of debt & equity offerings remained at […]
December 29, 2023
Via: DailyFXThe FTSE 100 is expected to remain below its September and December highs at 7,747 to 7,769 on the last trading day of the year with markets closing early. UK house prices falling more than expected in December have not […]
December 28, 2023
Via: PR NewswireAutoInsurance.org recently published a guide about rising auto insurance rates every year. This guide reveals that insurance rates have been rising, and according to experts, they’re expected to get more expensive in 2024. Adjusted for inflation, the average premium for […]
December 27, 2023
Via: DailyFXThe U.S. dollar, as measured by the DXY index, plunged to its weakest point in five months on Wednesday (DXY: -0.55% to 100.98), pressured by a substantial drop in Treasury rates, with the 2-year yield sinking below 4.26%, its lowest […]
December 27, 2023
Via: JD SupraLast week, the CFPB released its twelfth annual report to Congress on college credit card agreements. The annual report is mandated by the CARD Act. The CARD Act requires mandatory reporting to the CFPB by card issuers on agreements with […]
December 27, 2023
Via: Insurance JournalWhat are the top priorities and/or challenges heading into 2024? Here are the responses we received: In the coming year, the American Property Casualty Insurance Association (APCIA) will focus on proactively engaging in nine priority areas, in addition to tackling […]