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

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

Financial Institutions and Bank Directors and Officers in the Crosshairs – Are Their Insurance Policies Really Primed and Ready? - JDSupra

With bank stability and the related stock market rout now dominating the headlines for the first time since the 2008 financial crisis, are financial...
With bank stability and the related stock market rout now dominating the headlines for the first time since the 2008 financial crisis, are financial...
jdsupra.com / Article / 5 days ago

Credit Suisse, SVB, Signature Bank: What you need to know - Reuters

UBS agreed to buy rival bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities to avoid further market-shaking turmoil in global banking.
UBS agreed to buy rival bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities to avoid further market-shaking turmoil in global banking.
reuters.com / Article / 6 days ago

China fines Deloitte $31 million for auditing negligence - Reuters

China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd , the finance ministry said on its website on Friday.
China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co Ltd , the finance ministry said on its website on Friday.
reuters.com / Article / 6 days ago

Client Alert: Responding to Bank Insolvencies

Following the collapse of three US banks, and subsequent volatility to global banking markets, depositors and affected third parties are having to rapidly assess, and respond to, a range of risk management, liquidity and human capital challenges.
Following the collapse of three US banks, and subsequent volatility to global banking markets, depositors and affected third parties are having to rapidly assess, and respond to, a range of risk management, liquidity and human capital challenges.
Article / 7 days ago

Bank Botched Artist Benton's Trust By $400M, Judge Hears - Law360

Missouri bank UMB "egregiously" mismanaged the collection of prominent 20th-century painter Thomas Hart Benton through four decades of sweetheart sales to executives, art museums and bank customers, and failed...
Missouri bank UMB "egregiously" mismanaged the collection of prominent 20th-century painter Thomas Hart Benton through four decades of sweetheart sales to executives, art museums and bank customers, and failed...
law360.com / Article / 2 months ago

Citi, Revlon Lenders Reach Deal Over $500M Accidental Payment

Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on...
Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on...
Article / 3 months ago

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