Posts by Y@DminG

Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan’s SoftBank Group Corp. over losses linked to collapsed finance firm Greensill Capital. Greensill’s collapse made Credit Suisse close $10 billion of funds linked to the financial firm and, … Source: Claims Journal

Michael Platt’s investment firm BlueCrest Capital Management will pay out $101 million to investors after U.K. regulators said it failed to manage conflicts of interest over an internal investment fund. BlueCrest and the U.K.’s Financial Conduct Authority have been grappling … Source: Claims Journal

Michael Platt’s investment firm BlueCrest Capital Management will pay out $101 million to investors after U.K. regulators said it failed to manage conflicts of interest over an internal investment fund. BlueCrest and the U.K.’s Financial Conduct Authority have been grappling … Source: Claims Journal

A fire on Tuesday at a garment factory in Bangladesh and an adjacent chemical warehouse killed at least 16 people and injured others, and the death toll could rise, an official said. The cause of the blaze wasn’t immediately known, … Source: Claims Journal

A fire on Tuesday at a garment factory in Bangladesh and an adjacent chemical warehouse killed at least 16 people and injured others, and the death toll could rise, an official said. The cause of the blaze wasn’t immediately known, … Source: Claims Journal

Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, which … Source: Claims Journal

Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, which … Source: Claims Journal

AmTrust Specialty named Tony Scott head of claims and head of limited claims. Scott will be responsible for the strategy and execution of AmTrust’s claims operations, overseeing total claims outcomes across the specialty business. He will also lead claims management … Source: Claims Journal

AmTrust Specialty named Tony Scott head of claims and head of limited claims. Scott will be responsible for the strategy and execution of AmTrust’s claims operations, overseeing total claims outcomes across the specialty business. He will also lead claims management … Source: Claims Journal

General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy following the scrapping of a key federal incentive that is likely to dampen demand. GM’s disclosure is … Source: Claims Journal