The total amount of catastrophe claims is included in Insurance service expenses and amounts related to reinsurance coverage are included in Other income (loss) on the Bank's Consolidated ...

Bank deposit insurance is a foundational safety net designed to protect depositors—the primary providers of capital to banks. It plays a crucial role in maintaining public trust and ensuring ...

Deon de Klerk is the Head of Africa Regions, Insurance and Asset Management at Standard Bank. He is a prominent figure in the finance industry with over 30 years of experience. De Klerk entered ...

A US court directed Bank of America to pay $540.3 million to the Federal Deposit Insurance Corporation. This order was regarding underpaid deposit insurance assessments. The dispute was about ...

Bank of America claimed its company's intent was not to avoid any payments to the Federal Deposit Insurance Corporation. Bank of America faces a $540 million bill after a federal judge ordered the ...

The company did complied with the licensing terms and conditions set by CBUAE Abu Dhabi: The Central Bank of the UAE (CBUAE) has revoked the Dubai-based Dynamics Insurance Brokers license after an ...

The Central Bank of the United Arab Emirates has revoked the operating licence of Dynamics Insurance Brokers following regulatory breaches, officials announced today. According to the CBUAE, the ...

ABU DHABI - The Central Bank of the UAE (CBUAE) has revoked the licence of Dynamics Insurance Brokers, pursuant to the Article 22 (2) of the Insurance Authority Board of Directors Resolution No. 15 of ...

The Bank of England has proposed increasing the limit on deposits legally protected in the event of a bank failure by almost 30%, after a review triggered by the collapse of Silicon Valley Bank ...

HNB General Insurance (HNBGI) has joined hands with Union Bank through a strategic bancassurance agreement, marking a significant milestone in expanding access to innovative insurance solutions. The ...

Bank depositors are covered by the DICGC's insurance scheme up to Rs 5 lakh per account. Strategically distributing deposits across various banks can enhance coverage, as personal accounts ...

MANILA, Philippines — Starting tomorrow, March 15, the new maximum deposit insurance coverage (MDIC) of P1 million per depositor per bank will take effect. The new MDIC — which was doubled ...