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Capital and Risk, Insurance

Florida House Committee Follows Suit, Quickly Approves Insurance Reform Bills

May 25, 2022

Via: Insurance Journal

A Florida House committee and the state Senate wasted little time Tuesday in approving sweeping property insurance bills, leaving only the full House of Representatives to cement the changes on Wednesday, which would likely ending the special session two days […]


Capital and Risk, Insurance

Louisiana Audit Shows Hurricanes Led to Increase in Insurance Complaints

May 24, 2022

Via: Insurance Journal

Residential property. complaints against Louisiana insurance companies skyrocketed in the aftermath of 2020 and 2021 hurricanes, according to a report released this month by the Louisiana Legislative Auditor. The Louisiana Department of Insurance (LDI) received 21,143 complaints in the calendar […]


Channels

Why Embedded Finance Is the Next Area of Digital Revolution

May 24, 2022

Via: Bank Director

The four decades after the internet made information readily accessible has led to inventions and innovations like smart devices, mobile apps and the ability to be constantly connected. Today, companies are focusing on harnessing technology to build smoother, richer and […]


Capital and Risk, Liquidity

U.S. Bank Announces Redemption of Senior Notes

May 23, 2022

Via: Yahoo

U.S. Bank National Association today announced the redemption on June 2, 2022, of all its outstanding Floating Rate Senior Notes due June 2, 2023 (CUSIP No. 90331HPM9). The redemption price for the Senior Notes will be equal to $1,000 per […]


Capital and Risk, Insurance

Tesla Bets It Can Bring Down Insurance Costs, Make Driving Safer

May 18, 2022

Via: Insurance Journal

For more than six weeks now, the tech and finance industry has been riveted by Elon Musk’s pursuit of Twitter. The topic has sucked up tons of oxygen and contributed to Tesla shares sagging amid a broader market rout and […]


Activity, Investment Banking

Blockchain fintech Oasis Pro lands $27m Series A

May 17, 2022

Via: FinTech Futures

The round saw participation from existing investor UDHC as well as other strategic investors Blizzard the Avalanche Fund, Inveniam, Redwood Trust, TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime and StableNode, among others. The company says the financing will fuel […]


Capital and Risk, Liquidity

Central Bank Watch: BOE & ECB Interest Rate Expectations Update

May 17, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll cover the two major central banks in Europe: the Bank of England and the European Central Bank. There’s been somewhat of a divergence between the BOE and ECB in recent weeks, where […]


News

Three US cash trends persist, Fed report says

May 16, 2022

Via: Payments Dive

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]


Capital and Risk, Operational

Open finance is the future of banking

May 16, 2022

Via: American Banker

The global COVID-19 pandemic has shone a floodlight on financial vulnerabilities and the stress they cause for families. A recent survey shows that only 22% of Americans give themselves high scores on their own financial wellness. This is a failing […]


Capital and Risk, Macroeconomic

Psaki: Biden Does Not Think His COVID Relief Package Played Any Role in Inflation Increase

May 11, 2022

Via: CNSNews.com

President Joe Biden does not believe his $1.9 trillion COVID relief package, which was signed into law last year, played any role in the increase in inflation, White House Press Secretary Jen Psaki said Tuesday. Shortly after the president’s speech […]