• Home Insurance

    John Lewis home insurance ad shows kid’s destructive trail through house

    John Lewis has expanded in the home insurance market with the release of an ad campaign by Adam & Eve DDB underlining its commitment to customers. ‘Let Life Happen’ sees the department store document the trail of destruction wrought by one young boy on the rampage through his family home to illustrate the benefits of putting money aside for unforeseen events. Directed by Tom Kuntz and produced by MJZ, the campaign shows the one-boy tornado smashing vases, spilling paint and toppling lamps to the upbeat notes of Edge of Seventeen by Stevie Nicks – all while his dumbfounded family look  

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  • Financial Analysis

    Recent Analysis of Consumer Financial Protection Bureau Data Shows Exponential Increase in Fintech and Crypto Complaints to CFPB | Insights

    Data intelligence company Morning Consult recently analyzed consumer complaints made to the Consumer Financial Protection Bureau (CFPB). The analysis showed that fintech and crypto-related complaints made by consumers to the CFPB “exploded” in early 2021 compared to the same period in 2020. Our clients should be aware that the sharp increase in fintech and crypto consumer complaints is well known within the CFPB and that fintech enforcement is key priority for the CFPB Office of Enforcement. The Office of Enforcement is already active in the fintech space and seeking new matters for investigation. Jurisdictional lines are just now being drawn  

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  • Business Analysts

    Limited coverage: Few analysts track Adani group companies, shows data

    The coverage of Adani group among analysts is currently lower than that of other industrial groups. An analysis of available Bloomberg data on coverage shows that it is a single-digit number for every Adani group company except for Adani Ports, which has 26 analysts covering it. ALSO READ: Adani stocks among most expensive on bourses: Check details here The Adani group has five listed entities, and the median number of analysts covering the group is one, lower than that of other large groups. The Tata group has  

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  • Loans

    Businesses in majority-white communities received PPP loans at higher rates, analysis shows

    Edward Flores, owner of Juanita’s Cafe on Olvera Street, had to cut his operating hours and lay off his staff last year amid the pandemic. (James Bernal for Reveal / Los Angeles Times) Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic. At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly  

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  • Loans

    Data Shows Low Big Banks’ Loan-to-Deposit Ratio

    Share Tweet Share Share Share Email The Federal Reserve’s latest weekly survey showed that the 25 largest banks in the U.S. reduced their loan-to-deposit ratio to 53.9 percent, the lowest in the 36 years that the data has been collected, Bloomberg reported on Monday (April 12).  Together, the banks dropped loan holdings by 8 percent in the past year through March, the Fed data show. Total loans fell by $447 billion to $5.45 trillion, and total deposits increased 16 percent to $10.13 trillion. The share of safe assets dropped to 35.6 percent in the week that ended March 31  

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  • Insurance

    FEMA flood insurance rates could spike for some, new study shows

    With a major overhaul of the nation’s flood insurance program just months away, new data released Monday by the First Street Foundation suggests hundreds of thousands of homeowners in the riskiest locations across America could face massive rate hikes starting in October. The Brooklyn, New York-based research group estimates the average rate needs to more than quadruple on the nation’s most flood-prone homes under the ongoing effort to make the federal flood insurance program solvent and ensure homeowners most at risk are paying their fair share. First Street data projects that the majority of homeowners won’t see big rate changes,  

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  • Financial Management

    First FinOps Foundation Survey Shows Rise in Cloud Financial Management

    PORTLAND, Ore., Feb. 3, 2021 /PRNewswire/ — Big growth is ahead for FinOps, the field of cloud financial management, as more companies accelerate their cloud plans, especially amid COVID-19, and struggle to contain and optimize cloud spend, new research indicates. The FinOps Foundation, a non-profit trade association focused on codifying and promoting cloud financial management best practices and standards, recently surveyed over 800  FinOps practitioners from around the world with a collective $45 billion in annual cloud spend. Almost half of the survey respondents were from companies with 10,000 or more employees, indicating that large companies are driving FinOps  

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  • Finance

    GameStop saga shows ‘we don’t have enough people who can go short,’ finance expert says

    The battle between amateur investors and the financial establishment has transfixed Wall Street and Washington this week around GameStop (GME), which has seen its stock price swing wildly and had trading of its stock restricted by online brokerage Robinhood. Other than Robinhood itself, perhaps the one thing less popular in Washington this week has been short sellers and the hedge funds that usually employ them, which had, until recently, been making money by betting against the struggling video game retailer. House Financial Services Chairwoman Maxine Waters called out “funds engaging in predatory short selling” while announcing Congressional hearings coming soon.  

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