Bowman to axe 30% of the Fed’s bank-supervision staff
US Federal Reserve chair Michelle Bowman will cut 30% of staff in the bank-supervision unit, according to an email sent to staff on Thursday.
Falcon Private Bank launches crypto wealth management service
Swiss private bank Falcon is offering clients a compliant process for investing wealth generated from trading in cryptocurrencies.
Chase Auto originations climb 7.1% YoY
Chase Auto’s origination volume climbed year over year in the fourth quarter of 2024, driven by growth in leasing. Originations reached $10.6…
PwC outlines five trends impacting the insurance industry
A new report from PWC has outlined five trends it sees affecting the future of insurance.
Sustainable Finance Live: The role of data for Nature Capital
In the last panel of the day, moderated by Richard Peers, founder of ResponsibleRisk, the discussion centred around the role of data in nature intelligence and financial services.
Bank of America names co-presidents, appoints CFO Borthwick EVP
Bank of America today named two co-presidents and promoted Chief Financial Officer Alastair Borthwick to executive vice president. Alastair Borthwick …
August powersport sales dip 5.4% year over year
Powersport sales worsened for more dealers in August, marking the sixth consecutive month of sales declines amid ongoing affordability headwinds…
AI should be trained to respect a regulatory ‘constitution’ says BofE policy maker
Innovative AI models should be trained to respect a ‘constitution’ or a set of regulatory rules that would reduce the risk of harmful behaviour, argues a senior Bank of England policy maker.
How insurers can leverage the cloud to focus on innovation
Insurance providers must leverage the cloud to offer a personalised experience to their customers, but also ensure that operational agility and innovation are a priority.
BILTIR elects five new members to its Board of Directors
Bermuda International Long Terms Insurers and Reinsurers (BILTIR) has increased the size of its Board of Directors from 10 to 15, with the appointments of five additional members.
Next phase of London Market’s placement platform slips to early 2023
The next phase of the London Market’s electronic placement platform has been further delayed, this time to February of next year.
Brown & Brown posts higher revenue, profit as rate increases moderate
Agents and Brokers, Financial Results Brown & Brown
Lloyd’s to remain in iconic building
A new report in the Financial Times says that Lloyd’s of London is planning to stay in its City building for at least another nine years.
AutoNation originations surpass $240M
AutoNation Finance’s originations increased year over year in the second quarter but cyberattacks against dealership software provider CDK Global contributed to…
