The TRADE

OCTOBER 17, 2024

Nasdaq has integrated AI into its Calypso platform to enhance bank and insurance risk calculations, in a move set to process risk calculations up to 100 times faster. Gil Guillaumey The offering offers new methodology to conduct investment portfolio risk calculations and produce predictive analytics, based on advanced machine learning.

Financial Institution

The New York Times: Banking

OCTOBER 4, 2023

Apollo was the first to use annuities to build a major financing business. Others followed, driving the growth of the private lending market and worrying regulators.

Insurance

The New York Times: Banking

JULY 11, 2024

Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.

Insurance

PE Hub

DECEMBER 15, 2023

Fund VI's limited partners include including public and private pension plans, endowments, sovereign wealth funds, financial institutions, insurance companies and family offices. The post TorQuest Partners racks up $2.1bn for sixth fund appeared first on PE Hub.

Funds

The New York Times: Banking

JANUARY 12, 2024

JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.

Bank

Sica Fletcher

AUGUST 21, 2024

The sections below outline what insurance agency investment banks typically provide for clients, to help readers determine whether they are actually needed. Do You Need An Insurance Agency Investment Bank? Sica | Fletcher has been proud to represent thousands of insurance agencies and brokerages over the last 10 years.

Investment Banking

The New York Times: Banking

MAY 14, 2024

A scathing report revealed a culture of widespread sexual harassment and discrimination at the Federal Deposit Insurance Corporation. Martin Gruenberg will testify on Capitol Hill starting on Wednesday.

Insurance

The New York Times: Banking

JULY 11, 2024

Nominated for chair of the Federal Deposit Insurance Corporation, Christy Goldsmith Romero was cheered by Democrats and accepted by Republicans at a hearing.

Insurance

Global Newswire by Notified: M&A

MAY 14, 2024

Westford, USA, May 14, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Artificial Intelligence (AI) in Banking, Financial Services, and Insurance (BFSI) Market will attain a value of USD 180.93 As a result, investments in AI technology by banks, corporations, insurers and other financial institutions worldwide have soared.

Financial Services

Razorpay

JUNE 18, 2023

Long waiting times, security issues, and fixed working hours are a few of the problems plaguing legacy financial institutions today. Smoother UI In 2018, financial institutions’ top strategic priority was improving the consumer’s digital experience. And so the fintech world came up with a solution: n eobanks.

Bank

Global Newswire by Notified: M&A

MARCH 15, 2024

jointly announced today that approval has been received from the Federal Reserve Bank, The Federal Deposit Insurance Corp., (OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., with and into Wayne Savings Community Bank.

Financial Services

Global Newswire by Notified: M&A

AUGUST 8, 2023

Governments worldwide have increased their investments in the BFSI (Banking, Financial Services, and Insurance) sector, driving consumers' adoption of digital banking solutions in the digital check scanning solutions market. SkyQuest projects that the digital check scanning solutions market will attain a value of USD 1422.7

Financial Institution

The TRADE

MARCH 12, 2024

A recent SteelEye report found that just last year four banks and an insurer were fined in a bid to tackle money laundering and market misconduct. The region’s regulatory frameworks are known to be stringent, requiring financial institutions to comply with a range of market surveillance rules.

Financial Institution

Shearman & Sterling

SEPTEMBER 22, 2013

The Directive 2009/138/EC aims to harmonize European insurance regulation, primarily the capital that companies must hold. The Solvency II Directive was supposed to become effective from January 1, 2014, however delays until 2016 are being suggested.

Financial Market

Razorpay

JULY 20, 2023

Cooperative banking refers to a small financial institution started by a group of individuals to address the capital needs of their specific community. Such financial institutions are owned and controlled by their members, and the board members are democratically selected to oversee the operations.

Bank

Global Newswire by Notified: M&A

JANUARY 30, 2024

on the terms and subject to the conditions of the Agreement and Plan of Reorganization, dated as of November 13, 2022, by and between Luther Burbank and WaFd (the “Merger Agreement”).

Corporation

Razorpay

MARCH 21, 2024

A mandate is a standard instruction that you provide to your issuing bank and other institutions allowing them to automatically debit the mentioned amount from your bank account. With the advent of eMandates, these life insurance providers have been able to ease the process. They can now sell a plan to the customer online.

IT

Wall Street Mojo

JANUARY 18, 2024

They come at a low risk, with some being insured by government bodies. Unlock the art of financial modeling and valuation with a comprehensive course covering McDonald’s forecast methodologies, advanced valuation techniques, and financial statements. Many banks often put forth a minimum investment requirement.

Financial Institution

The New York Times: Banking

APRIL 26, 2024

The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.

Bank

The New York Times: Banking

AUGUST 10, 2024

The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.

Bank

The New York Times: Banking

JULY 9, 2024

For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.

Accountant

The New York Times: Banking

SEPTEMBER 17, 2024

Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.

Bank

The New York Times: Banking

MAY 1, 2024

In routinely making the uninsured whole, the F.D.I.C. isn’t doing its job, an N.Y.U. professor argues.

Bank

Mergers and Inquisitions

MARCH 22, 2023

Insure the Deposits – But this is expensive and is available only up to a certain per-account limit in most countries, such as CHF 100,000 in Switzerland and $250,000 in the U.S. Insuring all deposits or deposits up to $10 million is a bad idea because it will encourage bank executives to be even more reckless.

Bank

The New York Times: Banking

MARCH 15, 2024

These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down.

Financial Institution

The New York Times: Banking

JANUARY 18, 2024

Federal regulators want to raise capital requirements for big banks. Their plan is drawing criticism from groups that aren’t normally aligned with the industry.

Bank

Sun Acquisitions

MAY 24, 2024

Healthcare Industry: In healthcare M&A, compliance with stringent regulations such as the Health Insurance Portability and Accountability Act (HIPAA) is non-negotiable. Financial Services Sector: Financial institutions face a complex web of regulations.

M&A

The New York Times: Banking

JUNE 11, 2024

The front-runner for the bank regulatory job is Christy Goldsmith Romero, a member of the Commodity Futures Trading Commission.

Trading

The New York Times: Banking

JANUARY 14, 2025

In trying to find the line between false statements and misleading ones in the case of a Chicago politician, members of the Supreme Court posed colorful questions.

Bank

The New York Times: Banking

FEBRUARY 5, 2024

A new lawsuit says federal agencies overstepped their authority in a rule forcing banks to do business in underserved communities.

Bank

The New York Times: Banking

SEPTEMBER 17, 2024

The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.

Mergers and Acquisitions

The New York Times: Banking

MAY 15, 2024

The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.

Bank

Razorpay

MARCH 18, 2024

Corporate Account that supercharges your banking experience The RazorpayX-powered current account is backed by leading financial institutions. Decide on an investment strategy Business owners should formulate a suitable investment strategy for their corporate accounts based on their financial goals. Deposits and safe lockers 5.

Accountant

The New York Times: Banking

MARCH 1, 2024

The lender’s shares plunged on Friday after it disclosed more losses and said it could not file its annual report on schedule.

Shares

Razorpay

MAY 24, 2023

Instant Mudra provides various essential services like banking, remittance, micro ATM, bill payments, online shopping, loans, and insurance, with a view to achieving financial inclusion. This is accomplished by engaging with locals and creating small centres in remote areas to help retailers with all their banking needs.

Bank

The New York Times: Banking

NOVEMBER 22, 2024

Interest rates have been falling, but deposits are earning more than inflation.

Accountant

The New York Times: Banking

JULY 10, 2024

En un caso que los expertos califican como “muy inusual”, cientos de usuarios perdieron acceso a sus ahorros y, para recuperarlos, primero tienen que saber quién tiene su dinero.

Financial Institution