Here’s the word; The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has announced a longevity swap transaction with Pacific Life Re International Limited (“PL Re”) and Zurich Assurance Ltd (“ZAL”) to manage longevity risk in […]
EU zone regulators are cautious when it comes to the financial sector this year. After Credit Suisse and SVB, that’s kind of a given… Here’s the word; The three European Supervisory Authorities (EBA, EIOPA and […]
It could be a case of ‘double bank holiday traffic trouble’ for drivers over the next two weekends with up to 32m separate leisure trips by car planned, according to RAC Breakdown research. The mass […]
The UK government has stepped in quickly to protect 100s of UK tech firms, which partially relied on finance from SVB to grow their businesses. Silicon Valley Bank in the US has gone into administration, […]
Home insurance is traditionally hard to sell to renters, many of whom rent furnished apartments, so they don’t see the value in covering the landlord’s sofas, carpet and beds. But hey, tenants have valuables like […]
The Bank of England, via the Prudential Regulation Authority, has sent a letter to insurers, after stress tesing was carried out in 2022. Generally, the marks are pretty high, although the PRA notes that cyber […]
Latest from the FCA and another bank receives a fine. The FCA has fined Metro Bank PLC £10,002,300 for breaching the Listing Rules by publishing incorrect information to investors. The FCA has also decided to […]
Deutsche Bank has announced a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector. Combining Deutsche Bank’s financial industry expertise with NVIDIA’s […]
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