JP Morgan and Bank of America profits shrink as US banks pay for SVB failure January 12, 2024 JP Morgan’s profits shrank in the final three months of the year as the lender paid out $2.9bn for the rescue of smaller regional banks in the US.
UK government rejects calls for banks to pre-fund multibillion-pound deposit guarantee scheme January 11, 2024 The government has confirmed that it does not want British banks to imminently pay billions into a deposit insurance guarantee scheme designed to reduce the burden on taxpayers if lenders fail.
Farrell named British and Irish Lions coach for 2025 tour to Australia January 11, 2024 Andy Farrell has been named the head coach of the British and Irish Lions for their tour to Australia next year. The Ireland head coach becomes the first Englishman to lead the iconic touring side since since Sir Clive Woodward in 2005. Wales coach Warren Gatland has held the top role in each of the [...]
Andreessen Horowitz backs London insurance start-up to shrug off UK venture woes January 11, 2024 Silicon Valley giant Andreessen Horowitz (a16z) has thrown its weight behind London insurance tech Hyperexponential today in a deal that shrugs off the gloom gripping the UK’s venture capital market.
Regulator to investigate historic claims on car finance commissions January 11, 2024 "There is significant dispute between some firms and consumers on whether firms have breached legal and regulatory requirements," the FCA said.
UK economy: Another recruiter reports dramatic fee fall as hiring market clams up January 11, 2024 Recruitment firms are often seen as a bellweather for the health of the UK's labour market.
It may not be edge-of-your-seat, but preventing the AI dystopia starts with good data January 11, 2024 The power and dangers of AI dominated conversation in 2023, but we won't get anywhere without focusing on data, writes Nigel Shadbolt.
Andy Farrell set to be named as coach of British and Irish Lions January 10, 2024 Ireland rugby head coach Andy Farrell is set to be named as the boss of the British and Irish Lions at an event in the City of London tomorrow. The 48-year-old Englishman has long been favourite for the position with the touring side heading to Australia in the summer of 2025. The Lions, a side [...]
Extreme weather tops insurance risk list for 2024 after £75bn bill last year January 10, 2024 Environmental risks continues to dominate the global risks landscape according to a new report by the World Economic Forum
Shares in Admiral and Direct Line sink after FCA regulator takes aim at premium finance January 10, 2024 In an interview with Insurance Post, Matt Brewis, head of insurance at the Financial Conduct Authority (FCA), described premium finance as a "poor product".