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Federal Reserve Bank

Federal Reserve proposes changes to its money transfer system Fedwire

United States’ central bank, the Federal Reserve System, has proposed a major change to its venerable credit-transfer service Fedwire. The Fed wants to adopt the...

Amazon discreet ambitions to disrupt the insurance industry

Amazon appears to be on the cusp of its long-anticipated entrance into the insurance industry – and markets appear nervous. Shares in insurance companies wobbled...

From the UK

Men working at construction site

Carillion collapse causes domino effect on trade credit claims

There has been a surge in the number of trade credit insurance claims during the first quarter of this year 2018 as tough trading...
Front entrance of the London Stock Exchange

Libor: The end is nigh – or is it

LIBOR, the London Inter-Bank Offered Rate, is on the verge of being consigned to history – or maybe not! ICE Benchmark Administration (IBA), the entity...

In Europe

Deutsche Bank office

Deutsche Bank moves euro clearing operations as Brexit risks mount

Germany’s biggest bank, Deutsche Bank has shifted an important part of its euro clearing business to Frankfurt from London due to Brexit. The move...
German Finance Minister Olaf Scholz

German Finance Minister calls for EU-wide unemployment insurance

German Finance Minister Olaf Scholz suggested that the time has come to create a Europe-wide network for unemployment insurance to breathe life into the...

Around the World

Fountaingrove after October 2017 California wildfires

California fires force sale of Aspen Insurance to private equity firm

Climate Change is dramatically transforming the insurance industry. The troubled Aspen Insurance Holdings reportedly agreed to sell itself to private-equity giant Apollo Global Management...
People using smartphone while driving car

Smartphones greatly increase auto accidents risk

Smartphones have become one of the greatest risks for auto insurers. Analysts blame mobile devices for a sharp increase in motor vehicle accidents in...

Technology

cryptocurrencies-exchanges

Two imperatives to prevent crypto-exchanges from getting hacked

Hacks of cryptocurrency exchanges in the first half of 2018 led to losses of over $770 million (£594 million) highlighting the continued vulnerability of...

Amazon discreet ambitions to disrupt the insurance industry

Amazon appears to be on the cusp of its long-anticipated entrance into the insurance industry – and markets appear nervous. Shares in insurance companies wobbled...

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