December 08, 2022 | Daily Business Review
Lawmakers Could Target Attorney Fees in Special SessionHouse Commerce Committee Chairman Bob Rommel said changes during the special legislative session will be aimed at helping consumers, protecting an industry on "life support" and attracting investment capital into the insurance market.
By Jim Turner
5 minute read
December 07, 2022 | Daily Business Review
JPMorgan to Boost Latin American Private-Banking Team by 25%Banks around the world have been competing for wealthy individuals, bolstering their advisory and lending practices to capture more assets.
By Cristiane Lucchesi
3 minute read
December 07, 2022 | Daily Business Review
Major Insurance Issues Teed Up for Legislative Special SessionSenate President Kathleen Passidomo indicated that lawmakers will consider a series of hot-button insurance issues to try to stabilize the market during a special legislative session next week.
By Jim Saunders
4 minute read
December 07, 2022 | Daily Business Review
Florida Lawmakers Eye Lawsuit Costs for Special SessionSix property insurers have gone insolvent since February, all before Category 4 Hurricane Ian made landfall Sept. 28 and caused massive damage.
By Jim Turner
4 minute read
December 07, 2022 | Daily Business Review
Mass Long-COVID Disability Threatens the Economy: EdwardsEstimates based on Census data suggest that long COVID is keeping the equivalent of as many as 4 million working-age adults away from work.
By Kathryn A. Edwards
3 minute read
December 07, 2022 | Daily Business Review
BNP Paribas Hires Bankers to Bolster Americas Market PresenceBNP Paribas said it's working to further position itself as a European alternative for U.S. corporates that need financing for equity capital markets and mergers and acquisitions activity.
By Jeannine Amodeo
2 minute read
December 07, 2022 | Daily Business Review
Bankers Face ESG Risk With Potential to End Deals, Study ShowsIn the European Union and the U.K., survey respondents now point to the rise in regulations covering everything from environmental, social and governance to data privacy and antitrust laws as a principal factor driving disagreements between mergers and acquisitions parties.
By Lisa Pham
2 minute read
December 07, 2022 | Daily Business Review
Swiss Banks Probed Over Suspicion Junior Pay Being CappedEuropean lenders from Spain to Germany have faced staff cost pressures as higher inflation prompts demands for fatter pay packages.
By Hugo Miller
2 minute read
December 07, 2022 | Daily Business Review
Credit Suisse Offers Higher Rates to Rebuild Depleted AssetsCredit Suisse is fighting to regain stability in what is supposed to be one of its least volatile businesses and the centerpiece of the revamped institution: managing money for the wealthy.
By Marion Halftermeyer and Denise Wee
4 minute read
December 06, 2022 | Daily Business Review
Blue Chips Front Money for Buyers of Their Unwanted AssetsDealmakers are dusting off their playbooks from the global financial crisis, devising creative ways to get transactions completed as traditional financing sources dry up.
By Dinesh Nair
3 minute read
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