Best: Reinsurance Pricing, Pandemic Add to Woes for Florida Property Insurers

July 9, 2020

Category: Activity, Insurance

The numerous issues in Florida’s property insurance market, including higher reinsurance pricing and social inflation, continue to challenge the financial strength of Florida personal property writers and impact coverage availability and affordability in the state. These headwinds, according to a […]

Bank of America signs 10-year solar electricity agreement to power offices and ATMs

July 1, 2020

In partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric […]

Small businesses expect to fail. Here’s what will happen to their PPP loans.

June 24, 2020


Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may be wondering if they’ll be on […]

Activity, Corporate Banking

Commerzbank plans 10,000 job cuts as CEO and chairman step down

July 8, 2020

Via: Banking Technology

The news follows CEO Martin Zielke and chairman Stefan Schmittmann stepping down from their roles at the top of the German bank earlier this week. The pair were under pressure from vocal Commerzbank shareholders, major investor Cerberus Capital Management, and […]

Activity, Investment Banking

Mastercard invests in long-term fintech partner Verestro

July 8, 2020

Via: Banking Technology

The start-up is headquartered in Warsaw with offices in Sofia, NewYork and Sao Paulo. The fintech has worked with Mastercard since 2011, providing payment solutions to banks, merchants and payment providers in 20 markets. The investment is intended to further […]

Capital and Risk, Liquidity

Gold prices extend climb to 9-year high as traders see few limits to central-bank stimulus

July 8, 2020

Via: Market Watch

Gold futures climbed on Wednesday, building on their highest settlement since September 2011 a day earlier and supported by the prospect of a lengthy period of government and central bank stimulus to support economies harmed by the COVID-19 pandemic. The […]