Douglas Flint received package from Epstein while at HSBC, files show February 6, 2026 The incoming chair of Prudential received a mystery package from Jeffrey Epstein while he was finance director of HSBC, the recent release of Epstein files shows. Douglas Flint, who had a decades-long career at Europe’s largest bank, culminating as its chairman from 2010-2018, received the parcel in the early 2000s according to records released by [...]
Exclusive: Lloyd’s of London quietly shelves Blueprint Two to rethink strategy February 6, 2026 After years of delays, Lloyd’s of London’s ambitious strategy to digitalise the marketplace has been shelved, as new management under Patrick Tiernan seeks to rethink the approach. Blueprint Two, launched seven years ago, was a programme pitched as delivering a “profound” change in the London specialist and reinsurance market through digitalisation. Lloyd’s, together with the [...]
Time to take a Milei-style chainsaw to the nanny state February 6, 2026 Ask any business what is the biggest barrier to growth and time and again they will tell you it’s regulation, says Jamila Robertson In a recent talk at the Centre for Policy Studies (CPS), the former Bank of England Governor, Lord King, reflected that the Bank of England staff had risen from 2,000 to 5,000 [...]
Car finance compensation could be the spend signal that boosts the economy February 6, 2026 When consumers receive cash that corrects a past wrong, they use it to replace cars, clear household bills, book holidays and support small businesses. That spending ripples through the economy far faster than most top-down interventions, says Brandon Lewis When bankers were finally forced to confront the true scale of the Payment Protection Insurance (PPI) [...]
Bank of England raises alarm on unemployment as interest rates unchanged February 5, 2026 The Bank of England has held interest rates but policymakers warned that the spiralling unemployment rate and weak growth was weighing down on price growth. In its decision on Thursday, the Bank’s Monetary Policy Committee voted 5-4 to leave interest rates at 3.75 per cent. But economists warned that unemployment could jump higher over the [...]
KBRA Assigns Preliminary Ratings to Driver UK Multi-Compartment S.A., Compartment Driver UK eleven February 5, 2026 KBRA UK (KBRA) assigns preliminary ratings to two classes of notes issued by Driver UK Multi-Compartment S.A., acting for and on behalf of its Compartment Driver UK eleven (Driver UK 11), a United Kingdom auto loan receivables ABS transaction. Credit enhancement on the notes is comprised of overcollateralisation, subordination, a cash reserve account and excess [...]
Clearwater Analytics and TreasurySpring Announce Platform Integration for Fixed-Term Cash Management February 5, 2026 Integration Enables Institutional Clients to Optimize Surplus Cash Returns with Predictable Maturity Matching
Ageing workforce puts London’s specialty insurance sector at risk February 5, 2026 London’s specialty (re)insurance market employs around 61,000 people, but despite this, the sector is facing a ‘critical’ talent shortage. According to data from the trade body, the London Market Group (LMG), that headcount is up 3 per cent since 2022, but the sector is expected to require around 82,200 by the end of 2034. The [...]
Everest Reports Fourth Quarter and Full-Year 2025 Results February 4, 2026 Annual Net Income of $1.6 billion and Net Operating Income of $1.9 billion Annual 10.5% Net Income ROE and 12.4% Net Operating Income ROE; TSR of 13.1% Repurchased $397 million of Common Shares During the Quarter
Quality over quantity: UK M&A volume slips but deal value climbs February 4, 2026 UK merger and acquisition deal value increased last year despite a fall in volumes as investors turned their focus to acquiring fewer, higher-quality assets. The total number of UK deals fell 12 per cent year on year to 2,991, down from 3,411 in 2024, according to the latest industry trends data from PwC. But overall [...]