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Italy to Tap Banks, Insurers for €3.5 Billion in Budget Plan

Insurance Journal

Prime Minister Giorgia Meloni’s cabinet is tapping Italy’s banks and insurers to help finance its budget, according to a new plan designed to deliver on giveaways pledged to voters. “As we promised, there will be no new taxes for citizens,” …

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Data Portability in Finance: The CFPB’s Groundbreaking New Regulations

Complex Discovery

financial landscape with its newly finalized open banking rules. financial landscape with the introduction of new rules aimed at fostering open banking. This legislative push, detailed by Chopra at events such as the Federal Reserve Bank of Philadelphia, is designed to align the U.S.

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Russia’s RusChemAlliance Sues 5 European Banks Over Aborted Gas Project

Insurance Journal

Russian company RusChemAlliance has filed new lawsuits against five European banks that stopped financing the construction of a gas project in Russia after the West imposed sanctions against Moscow over the 2022 invasion of Ukraine. The lawsuits, all filed with …

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Treasury Warns That Anti-Woke Banking Laws Like Florida’s Are Security Risk

Insurance Journal

WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter …

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Green Fintech: Transforming Finance for a Sustainable Future

Complex Discovery

Industry News – Sustainable Development Beat Green Fintech: Transforming Finance for a Sustainable Future ComplexDiscovery Staff The financial sector is witnessing a transformative shift toward sustainability, driven by the convergence of fintech and environmental consciousness. billion in 2012 to $540.6 billion in 2021.

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UK Finance Firms’ Concern Over Geopolitics at Record Level

Insurance Journal

The share of UK financial services firms worried about geopolitical risks is at its highest level since the 2008 crash, the Bank of England said. The BOE’s biannual systemic risk survey, which began during the financial crisis, said on Wednesday …

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SEC Charges Former Finance Director at CIRCOR International with Accounting Fraud

Securities Docket

he Securities and Exchange Commission today announced fraud charges against Nicholas Bowerman, a former finance director of CIRCOR International Inc., Source: SEC Charges Former Finance Director at CIRCOR International with Accounting Fraud a formerly publicly traded technology manufacturer.