March 23, 2023
Via: DailyFXGold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. In late morning trading, XAU/USD was rallying about 1% to $1,986, […]
March 22, 2023
Via: Insurance JournalNatural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record breaking losses from hailstorms in France, floods […]
March 22, 2023
Via: DailyFXCrude oil markets are trading cautiously like most others on Wednesday in Europe as investors await the United States Federal Reserve’s March monetary policy decision, due later in the global day. On a more market-specific note, a shock rise in […]
March 21, 2023
Via: YahooFifth Third Bancorp (FITB) shares rallied 5.1% in the last trading session to close at $26.21. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to […]
Capital and Risk, Macroeconomic
March 20, 2023
Via: CNSNews.comPresident Biden’s massive government spending caused inflation that led to the collapse of a big bank, by shrinking the value of its long-term loans and bonds. Silicon Valley Bank collapsed last week, in the second-biggest bank failure in American history. […]
March 15, 2023
Via: Insurance JournalThe initial insured losses for the recent floods in the North Island of New Zealand are estimated at NZ$1.65 billion ($1.02 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Losses incurred so far in […]
March 14, 2023
Via: YahooIn this piece, we will take a look at the 15 best bank stocks to buy now according to hedge funds. For more bank stocks, head on over to 5 Best Bank Stocks to Buy Now According to Hedge Funds. […]
March 10, 2023
Via: Bank DirectorIn January, Q2 released the 2023 State of Commercial Banking Report, which analyzed data from Q2’s PrecisionLender proprietary database that includes commercial relationships from more than 150 banks and credit unions throughout the United States, along with other sources. Report […]
March 7, 2023
Via: FinTech FuturesReady or not, the genie is out of the bottle and there is no going back. From digital art and journalism to gaming and marketing tech, every industry is being disrupted. Open AI’s ChatGPT, in particular, stole the limelight after […]
March 6, 2023
Via: Insurance JournalA Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with […]
March 6, 2023
Via: FinTech Futures1. Artificial intelligence (AI) and machine learning (ML) As cybercrime continues to become more sophisticated, banks are adopting technologies that can keep up with the threats. AI and ML are among those technologies that are playing an important role in […]
Capital and Risk, Macroeconomic
March 3, 2023
Via: American BankerRepublicans on the Senate Banking Committee are keeping a watchful eye on the Federal Reserve’s ongoing review of bank capital requirements. Sen. Tim Scott, R-S.C., the ranking member on the committee, sent a letter to Fed Chair Jerome Powell on […]
March 2, 2023
Via: YahooU.S. Bancorp (USB) closed at $47.31 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500’s daily loss of 0.47%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, […]
March 2, 2023
Via: American BankerAs more credit unions take steps to improve diversity, equity and inclusion, executives and other experts are debating how much progress has been truly made since the death of George Floyd in 2020. The culture war dominating the political news […]
March 1, 2023
Via: FinTech FuturesNationwide will utilise Board’s Intelligent Planning solution to upgrade “vital” financial planning processes and systems across multiple use cases. The switch will enable the building society to deliver “better insights for our teams, and ultimately better outcomes for Nationwide’s members”, […]
February 28, 2023
Via: YahooU.S. Bancorp (USB) said in a filing Monday that the Consumer Financial Protection Bureau (CFPB) is considering a potential enforcement action against the bank as part of a previously-disclosed probe into its administration of unemployment insurance benefit prepaid debit cards […]
February 24, 2023
Via: Insurance JournalUkraine will offer compensation for possible damages to civilian vessels entering its ports, Deputy Prime Minister Oleksandr Kubrakov said on Friday, as Kyiv tries to boost exports that are vital for its war-hit economy. Ukraine is a major producer and […]
February 23, 2023
Via: Insurance JournalA New York appeals court last week upheld the dismissal of Madison Square Garden’s Covid-19 business interruption claim against Factory Mutual Insurance Co. The court agreed with a New York County court’s dismissal in January, 2002 after it found that […]
February 22, 2023
Via: TechBullionThe world of forex can be lucrative if you know what you’re doing, but it certainly isn’t a get-rich-quick scheme. It takes time and dedication to get good, and chances are you will lose more than you make at first. […]
February 22, 2023
Via: Bank DirectorAmong the biggest stories in tech remains the astonishing advancement in artificial intelligence, or AI, over the past several months. While AI has been evolving for a very long time, its latest iterations and implementations have reshaped how people think […]