by AIP Online Bureau | Mar 20, 2023 | Banking & Bancassurance, Data, Risk Management
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank runs across developed economies reveal US’s top 10 banks deposits are insured in the range of 38.4-66 per cent, according to a research titled, Ecowrap, of the State...
by AIP Online Bureau | Mar 17, 2023 | Eco/Invest/Demography, International News
The proposed class action accuses Credit Suisse of deceiving investors by failing to disclose that it was suffering from “significant” customer outflows, and that it had material weaknesses in its internal controls over financial reporting. US shareholders...
by AIP Online Bureau | Mar 16, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Risk Management
Fitch’s sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks...
by AIP Online Bureau | Mar 12, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation
Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be...
by AIP Online Bureau | Mar 4, 2023 | Data, Eco/Invest/Demography, Health, Pandemic
The prevalence of XBB.1.5 has kept increasing since late last year, and it is estimated to account for 89.2 per cent of new Covid-19 cases in the country this week, up from 85.4 per cent last week and 79.7 per cent two weeks prior, reports Xinhua news agency The...
