Wedding insurance has become an increasingly popular option after several high-profile instances of severe weather disrupted bridal plans last year. A shaky economic climate has also fueled interest in the policies.
Like shifting sands, financial markets are rapidly realigning, and that trend will be the thing to watch Thursday, when inflation data and the latest jobless claims are released.
The Fed sounded the all clear for most major U.S. banks, and its stress test results could be positive for stocks Wednesday, even though four of the 19 institutions failed.
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
Hedge funds are cranking up their bets in equities and credit in 2012's buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were fearing last year.
Last year's hedge fund losers may be turning into winners again. Several of the largest hedge funds that ended last year deep in the red, jumped to good starts in January, giving their wealthy investors reason to believe savvy traders are getting back their magic touch.
What’s behind the recent rally in financial stocks? An era of good feeling, Jim Cramer said on “Squawk on the Street.”
Banks are the key to fixing Europe's ongoing economic crisis, and they must be helped to lend while recapitalization of European financial institutions takes place early next year, analysts said on Tuesday.
UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.
Latvia's largest bank is scrambling to contain a run among depositors gripped by fears of the bank's imminent collapse.
Markets and governments face an uphill struggle to fund themselves next year amid extreme uncertainty over the eurozone and the global economy, as new figures reveal that the borrowing of industrialised governments has surged beyond $10tr this year and is forecast to grow further in 2012. The Financial Times reports.
British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.
US lenders pushing short-term loans that charge up to 5,000 per cent interest per year are targeting low-income UK borrowers abandoned by high street banks. The Financial Times reports.
Add health care fraud to ponzi schemes and insider trading at the top of the list of wrongdoing in the financial world.
Compensation levels for hedge funds and investment-management firms "are going to come down very significantly versus other parts of the economy," investor Barton Biggs told CNBC Friday.
While derivatives themselves carry risks and financial scandals have tarnished their image, many companies still use futures contracts, swaps, collars, and other hedging instruments to minimize volatility in their cost of doing business.
No time wasted. Only an hour after Sergio Ermotti was appointed interim CEO of UBS following Oswald Gruebel's decision to resign, the Swiss Italian banker, alongside Chairman Kaspar Villiger, addressed the media in a hastily arranged conference call.
The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.
The way to solve the euro zone banking crisis for the long-term is for a third of the industry to disappear, according to Ralph Silva, the research director at financial management consultant SRN.
As Beijing clamps down on credit, investment capital is now migrating away from banks and their controlled lending rates toward non-traditional private lenders whose clients are willing to pay exorbitant-interest rates. Caixin Media reports.