The non-bank financial sector’s share of global assets grew to 51%, or $256.8 trillion, last year and expanded at double the rate of the traditional banking industry, the Financial Stability Board said on Tuesday. Non-bank financial intermediaries involved in what …
‘Shadow Banking’ Growing at Double the Rate of Traditional Lenders, FSB Says Read More »
Bjak Sdn, Malaysia’s largest online insurance aggregator, is mulling an initial public offering within the next two years as it seeks to enter Europe. Bjak is eyeing new markets in Spain and Germany in 2026 following its recent expansion in …
Bjak Founder Weighs IPO as Malaysia Insurtech Seeks Expansion Into Europe Read More »
As McKinsey & Co. partners gathered in the consulting giant’s birthplace in late October, Bob Sternfels delivered a rallying cry. “We will kick some ass as we start our second century,” the firm’s top executive told the thousands of attendees. …
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry Read More »
The U.S. Food and Drug Administration has sent warning letters to four major retailers for continuing to sell baby formula linked to a nationwide outbreak of bacterial illness in infants, even after the products were recalled, the health regulator’s website …
FDA Sends Warning Letters to Walmart, Target for Selling Recalled Baby Formula Read More »
he Alabama Medical Cannabis Commission on Thursday approved licenses for dispensaries, a key step to making medical marijuana available in the state after years of delay. Commission Chairman Rex Vaughn estimated the products will be available in the spring of …
Alabama Approves Licenses for Med Marijuana Dispensaries With 2026 Start Read More »
Miami-based NSI Insurance Group has acquired another Miami-headquartered brokerage, Mutual Insurance Group, adding another milestone for the company that has doubled in size in recent years. “We are pleased to welcome Mutual Insurance Group to NSI Insurance Group, as we …
NSI Insurance Acquires Florida-Based Mutual Insurance Group Read More »
Trucking coverage specialist Canal Insurance, based in Greenville, South Carolina, has named Matthew Grimm chief underwriting officer, effective this week. Grimm has more than 30 years of experience in the property-casualty insurance business, including leadership roles at Integrated Specialty Coverages, …
People: Canal Insurance in SC Names Grimm Chief Underwriting Officer Read More »
The president of the Los Angeles Angels baseball team testified in a wrongful death lawsuit that the fatal overdose of pitcher Tyler Skaggs was tough for the club and he wished he had known sooner about drug use by the …
Angels President Wished He’d Known About Drug Use Before Pitcher’s Fatal Overdose Read More »
Swiss Automation Inc. has agreed to pay $421,234 to resolve alleged False Claims Act violations relating to its failure to provide adequate cybersecurity for certain drawings of parts that the company machined and supplied to Department of Defense (DoD) prime …
President Donald Trump issued an executive order seeking to limit the influence of proxy advisory firms, part of a push to curtail how third-party firms attempt to sway the direction of public companies. The executive order issued on Thursday directs …
Trump Orders SEC to Review Proxy Adviser Rules in ESG Rebuke Read More »
