So much of the cryptocurrency industry lives in the ether, figuratively or literally: data moving around blockchains, lines moving up or down on price graphs and other largely intangible things. But a hot emerging trend that has venture capitalists salivating promises a direct tie to the real world: running infrastructure with blockchains. Projects like the
The Florida Office of Insurance Regulation (OIR) has approved eight more property and casualty insurers to enter the state’s market. Ovation Home Insurance Exchange is the most recent company to be approved, followed by Manatee Insurance Exchange, Condo Owners Reciprocal Exchange and Orange Insurance Exchange. The list also includes Orion180 Select Insurance Company, Orion180 Insurance
Fidelity Agency Lending has recruited Jill Rathgeber as vice president of product strategy. In her new role, Rathgeber will report to Justin Aldridge, head of agency lending for Fidelity Investments. Rathgeber joins the US-based financial services corporation from a decade at BNY Mellon, where she was most recently director of product and strategy. In this
BNP Paribas Securities Corporation has joined LCH CDSClear as it expands its offering to the US market. The company is the first futures commission merchant (FCM) entity to join LCH CDSClear and has cleared the first US buy-side trade on the service. The partnership follows the expansion of LCH CDSClear’s client clearing services to US
Passive investing has become more popular than active investing in the U.S., but the trend may be changing soon, according to Jill Carey Hall, U.S. equity strategist at BofA Global Research. The amount of assets managed by passive funds have overtaken those overseen by active funds, according to data from BofA Global Research. Only 47%
Get stories like these delivered straight to your inbox. Sign up for The 74 Newsletter Last May, after yet another devastating massacre of students in our American schools – this time in Uvalde, Texas – Congress passed the Bipartisan Safer Communities Act. These elected representatives felt the urgency to act on what is not a