Financial Institutions
Financial Institutions
News, insights and thought leadership for re/insurance professionals with an interest in FI.

Analysis: Coinbase, SEC on collision course for 'existential' clash over crypto industry - Reuters

Coinbase debuted on the U.S. stock market on April 14, 2021 - the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country's top markets regulator...
Coinbase debuted on the U.S. stock market on April 14, 2021 - the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country's top markets regulator...
reuters.com / Article / 2 days ago

Deutsche Bank settles lawsuit over $1.6 bln Bernard Madoff claims - Reuters

Deutsche Bank AG has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm...
Deutsche Bank AG has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm...
reuters.com / Article / 2 days ago

Banks, Financial Industry Hit by Rising Ransomware Attacks

Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group....
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group....
Article / 2 days ago

Exclusive: ECB pressures Austria's Raiffeisen bank to quit Russia - Reuters

The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.
The European Central Bank is pressing Austria's Raiffeisen Bank International to unwind its highly profitable business in Russia, five people with knowledge of the matter told Reuters.
reuters.com / Article / 2 days ago

Consilium handed Jersey licence in financial lines expansion

Expansive London wholesaler Consilium has been granted a licence by the Jersey Financial Services Commission to provide local insurance broking counsel to professional and financial lines...
Expansive London wholesaler Consilium has been granted a licence by the Jersey Financial Services Commission to provide local insurance broking counsel to professional and financial lines...
Article / 2 days ago

Credit Suisse, UBS among banks facing US's Russia-sanctions probe -Bloomberg News - Reuters

Credit Suisse AG and UBS group AG are under scrutiny in a U.S. Department of Justice (DOJ) probe into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday.
Credit Suisse AG and UBS group AG are under scrutiny in a U.S. Department of Justice (DOJ) probe into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday.
reuters.com / Article / 2 days ago

U.S. judge orders $1.68 bln payout to families over 1983 Beirut bombing - Reuters

A federal judge in New York ordered Iran's central bank and a European intermediary on Wednesday to pay out $1.68 billion to family members of troops killed in the 1983 car bombing of the U.S. Marine Corps barracks in Lebanon.
A federal judge in New York ordered Iran's central bank and a European intermediary on Wednesday to pay out $1.68 billion to family members of troops killed in the 1983 car bombing of the U.S. Marine Corps barracks in Lebanon.
reuters.com / Article / 2 days ago

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Highlighted

Crypto Is Mostly Over. Its Carbon Emissions Are Not - The Atlantic
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Banking stresses amplify economic risks
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Insurtech funding flight to quality to accelerate after SVB collapse
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Regulatory pipeline 2023 and beyond – the Regulatory Initiatives Grid
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Snapshot: The Ripple Effects of 2023 Bank Failures
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US officials study ways to expand FDIC coverage to all deposits - Reuters
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Credit Suisse-UBS shotgun merger brings execution, legal risk
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EY's 'paused' split dragged into $2.7 bln London lawsuit - Reuters
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FDIC to break up SVB, seeks separate sale of private unit - Reuters
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