Banking
Banking industry news and updates
RAKBANK Achieves Record Profits in H1 2026 Driven by Strong NIM and Strategic Asset Sale
RAKBANK reported record profits for the first half of 2026, fueled by its leading net interest margin and a significant gain from divesting its merchant payment business.
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Heffernan Foundation Grants $100,000 in Scholarships, Nears $1 Million Milestone
The Heffernan Foundation awarded ten $10,000 scholarships, bringing its total funding to nearly $1 million as it supports education within the community.
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US Business Leaders' Confidence Declines Amid Rising Geopolitical Risks
US executives, particularly in small businesses, report heightened concerns about the future due to geopolitical instability and operational challenges.
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Nationwide Faces Class Action Over Faulty Claims Reporting Practices
Nationwide Mutual Insurance is accused of mishandling a driver's claims history, potentially impacting thousands of consumers.
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Kinsale Insurance Challenges Duty to Defend in Oregon Construction Defect Dispute
Kinsale Insurance has filed a lawsuit to establish it owes no defense to a siding contractor involved in a significant water-damage claim against a townhome developer.
Read full story →Gold Surges Above $4,300 Driven by Weaker US Jobs Data and Chinese Central Bank Purchases
Gold prices surged past $4,300 an ounce bolstered by weak US jobs data, enhanced investor interest, and significant buying from China's central bank.
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Navigating the Crowded MPL Insurance Market: Insights on Risk Management and Underwriting Dynamics
The MPL insurance market is increasingly crowded, requiring brokers to demonstrate effective risk management and build strong relationships with underwriters.
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California Auto Insurance Market: Disparate Trends Emerge Among Carriers
California's auto insurance landscape shows mixed signals from carriers, with Kemper facing challenges while Mercury experiences improvement.
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MAPFRE's Acquisition of Safety Insurance: A Strategic Move in Massachusetts Market
MAPFRE's $1.54 billion acquisition of Safety Insurance solidifies its leading position in Massachusetts while raising critical questions about market dynamics.
Read full story →White Gold Project Valued at Nearly C$2 Billion in Latest Assessment
A recent assessment of White Gold's mine project reveals a C$1.9 billion valuation, indicating strong potential for growth and production.
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Court Upholds Insurer’s Control of Defense in Multi-Insured Dispute
A federal appeals court affirms an insurer's right to control defense despite conflicts among co-insured parties, impacting legal strategies moving forward.
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Private Credit Surges Among Life Insurer Bonds, Prompting Regulatory Overhaul
Almost half of US life insurers' bonds are now privately placed, driving significant portfolio shifts and regulatory changes within the industry.
Read full story →Processing Challenges Threaten Western Mineral Reshoring Efforts, Says Legal Expert
Rebecca Seidl-Inglesby highlights the importance of processing capacity over ore supply in reshoring mineral supply chains in the West.
Read full story →Largo Resources Sees Stock Rise as Copper and PGMs Enter Production in Brazil
Largo Resources' shares rose nearly 15% following the company's approval to produce copper and platinum group metals at its Brazilian vanadium mine.
Read full story →Los Azules Copper Project Advances Toward Investment Decision Amid New Financing Plans
Momentum builds for the Los Azules copper project in Argentina, with completion of engineering work and strategic financing initiatives paving the way for development.
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Job Losses in Insurance Reflect Broader Trends in Financial Sector Decline
Insurance job losses illustrate a wider contraction in the financial sector, impacting various segments as firms adjust to evolving market conditions.
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Aflac Reports US Sales Growth Amid Rising Claims Costs and Adjusted Profit Margins
Aflac's US supplemental health sales rose in Q2 2026 but faced margin pressure due to climbing claims costs, reflecting broader trends in employer health benefits.
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Auto Insurance Shopping Declines as Policyholders Switch Carriers Driven by Affordability
Auto insurance shopping fell in Q2 2026 as affordability spurred policyholders to switch carriers, highlighting evolving consumer behavior.
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Rethinking Flood Risk: Insights from Neptune Flood's Analysis of Hurricane Activity
Neptune Flood's latest analysis highlights persistent flood risks despite a quiet hurricane season, urging brokers to engage clients on coverage options.
Read full story →Iamgold Delays Côté Gold Expansion, Evaluates Increased Capacity for Future Growth
Iamgold defers its planned expansion of Côté Gold to explore a more significant project capable of processing 70,000 tonnes daily, amid rising gold prices.
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