Insurance Regulators Wrestle With AI Supervision
By Allison BellAn NAIC panel wants insurers to monitor vendors' systems as well as their own.
July 19, 2023
Wall Street Layoffs Hit 21,000Bank of America, for instance, has shrunk its headcount by about 5,000 since January and isn't replacing staff who leave.
July 19, 2023
Fidelity Starts an Annuity Reinsurer in BermudaFidelity says the new unit, Soteria Re, will start by reinsuring the company's own business.
July 19, 2023
Severe Weather Could Hit Markets This Year: Schwab's KleintopFood, freight and energy prices are vulnerable to the effects of extreme heat, wildfires and El Niño, the strategist says.
July 19, 2023
IRS Collection Notices Send Taxpayers in Disaster Areas ScramblingThe IRS buried a disclaimer on page 4 of its notice that it didn't apply to those in disaster areas.
July 18, 2023
5 Top Trends From Merrill's Q2 ResultsHighlights included strong recruiting in Bank of America's wealth management business.
July 18, 2023
Morgan Stanley CEO: Worst of Industry Downturn Is OverShares of the bank surged 7% after executives gave an optimistic forecast.
July 18, 2023
CEO of ETF Managers Group Resigns Amid SEC Probe Into Cannabis FundThe investigation concerns the "alleged non-disclosure of conflicts of interest" by Samuel Masucci and the issuer of thematic ETFs.