by AIP Online Bureau | Mar 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management, Technology
The ECB has long been warning banks to be alert for cyberattacks from Russia after the European Union passed a long series of sanctions against Moscow over its invasion of Ukraine. “There has been a significant increase in cyberattacks,” Enria said. “We cannot...
by AIP Online Bureau | Mar 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life, Non-Life, Reinsurance
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
by AIP Online Bureau | Mar 11, 2023 | International News, Risk Management, Technology
On February 4, a fire broke out in a holding lot during a pre-delivery quality check while the vehicle was charging. Ford halted production and issued a stop-shipment order to dealers Last year, Ford recalled more than 1 lakh vehicles, including Maverick, Escape and...
by AIP Online Bureau | Mar 11, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy, Technology
Based in Santa Clara, the lender was ranked as the 16th biggest in the U.S. at the end of last year, with about $209 billion in assets. Specifics of the tech-focused bank’s abrupt collapse were a jumble, but the Fed’s aggressive interest rate hikes in the...
by AIP Online Bureau | Mar 11, 2023 | Health, Indian News
”Young children and old age persons with comorbidities are the most vulnerable groups in context of seasonal influenza. So far, Karnataka and Haryana have confirmed one death each from H3N2 influenza,” the ministry said. Seasonal influenza is an acute...
by AIP Online Bureau | Mar 10, 2023 | Data, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy
Of the total 6.24 crore subscribers currently, 23.86 lakh and 60.72 lakh are central and state government employees, respectively. Corporate subscribers stood at 16.63 lakh New Delhi: The number of subscribers under the National Pension Scheme (NPS) and Atal Pension...
by AIP Online Bureau | Mar 10, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy
Devendra Fadnavis,Deputy Chief Minister,Maharashtra Under OPS, the pension amount is provided by the government, which increases its liability, whereas the NPS has a contributory mechanism from the employee as well as the government. Mumbai:Maharashtra Deputy Chief...
by AIP Online Bureau | Mar 10, 2023 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy
Backed by healthy inflow into equity funds, the mutual fund industry saw an inflow of Rs 9,575 crore in February ‘With interest rates expected to rise from the current levels, debt funds continued to witness outflows as investors churn their allocation between...
by AIP Online Bureau | Mar 10, 2023 | Banking & Bancassurance, International News, Risk Management
The worst-case scenario for any bank is that it ends up with too little cash to operate or suffers enough losses to erode its capital, prompting regulators to sell the bank to a stronger rival or wind it down. But SVB’s stock sale should help to prevent that....
by AIP Online Bureau | Mar 10, 2023 | International News, Non-Life, Reinsurance
CEO Joachim Mueller comments on these Board realignments: “With these new joiners and a new allocation of responsibilities for some current Board Members, we, as a leadership team, are ready to open the next chapter in AGCS’s corporate history: the realization of the...
