Japanese Insurer’s Plan to Sell Foreign Debt Flashes Market Warning April 18, 2023 By Yumi Teso and Masahiro Hidaka A Japanese insurer with $65 billion of assets plans to offload all its currency-hedged foreign debt holdings, foreshadowing what may...
New Public-Private Consortium Aims to Develop Protection Against Systemic Risks January 18, 2022 The Cambridge Centre for Risk Studies (CCRS) at the University of Cambridge Judge Business School is launching a new research...
PwC to Pay $335 Million to Settle Negligence Claim Over Colonial Bank Audits March 19, 2019 By Katanga Johnson and Pete Schroeder A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,”...
How One Hedge Fund Has Pursued $360M Financial Fraud Claim Against Big Bank July 12, 2018 By Tracy Rucinski When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the...
Credit Suisse, Deutsche Bank Settle Subprime Mortgage Probes with U.S. December 27, 2016 By Jeffrey Vögeli , Jan-Henrik Förster and Steven Arons Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into...
Europe’s Banks Increased Infrastructure Investments Erodes Insurers’ Returns December 22, 2015 By Carolyn Cohn and Jonathan Gould The return of banks into the European infrastructure market is denting insurers’ ability to enhance their investment returns by funding...
EU to Ease Capital Regulations for Banks & Insurers to Revive Growth September 30, 2015 By Huw Jones and Francesco Guarascio The European Union will ease capital rules it has imposed on banks and insurers since the financial crisis to help...
Swiss Re sigma Report Examines Role of Insurance in M&A Deals May 12, 2015 A new sigma report –”M&A in insurance: start of a new wave?” – from Swiss Re points out that “merger...
INTERVIEW-Greece, BlackBerry, Ireland – ‘Cautious’ Bets for Canada’s Fairfax December 5, 2013 By Laura Noonan Bets on debt-ravaged Greece or ailing phone maker BlackBerry would make many investors flee, but for Prem Watsa both are...
Regulators Map Out First Capital Blueprint for Large Insurers October 10, 2013 By Huw Jones The world’s largest insurers could be forced to raise fresh capital under rules proposed by regulators on Wednesday that echo...