Home
»
Stories
»
Banking & Financial Services

Banking & Financial Services News

Banking & Financial Services

Morgan Stanley Names 10 Women and an Ally as their MAKERS Class of 2024

Morgan Stanley Wealth Management has announced the 2024 MAKERS Class, a group of 11 outstanding professionals dedicated to advancing women and breaking barriers within the firm. Jed Finn, Head of Wealth Management at Morgan Stanley, expressed the importance of celebrating leaders committed to supporting women, mentoring, and driving positive change. He stated, "At Morgan Stanley, we believe it’s important to share and celebrate the stories of our leaders who are committed to advancing women, mentoring and breaking barriers. The MAKERS program, a powerful tradition at our...

By Business Daily | Apr 24, 2024

Banking & Financial Services

Graystone Consulting Receives Third Consecutive Quality Leader Designation from Coalition Greenwich

Graystone Consulting, a business of Morgan Stanley, has once again been recognized for its excellence in the financial services industry. The company announced that it has been named a Quality Leader for the third consecutive year by Coalition Greenwich in Overall U.S. Investment Consulting among large consultants.Jeremy France, Head of Institutional Consulting Solutions at Morgan Stanley, expressed his pride in the achievement, stating, “Our clients are at the heart of Graystone, and we focus on bringing them the best of what our organization offers – boutique-level...

By Business Daily | Apr 23, 2024

Latest News

Banking & Financial Services

The Future of Insurance podcast: Chetan Kandhari

By Business Daily | Apr 22, 2024

Nationwide Chief Innovation and Digital Officer Chetan Kandhari recently addressed the key questions surrounding innovation in the insurance industry. In a podcast episode titled "The Future of Insurance," Kandhari pondered, "How does a Fortune 100 company innovate in a highly regulated industry? And where, and where doesn’t it, make sense to implement generative artificial intelligence?"Kandhari's insights shed light on Nationwide's strategic approach to innovation in an industry known for its stringent regulations and traditional practices. The discussion delved into...

Banking & Financial Services

Resilient Waters Fund Wins the 2024 Kellogg-Morgan Stanley Sustainable Investing Challenge

By Business Daily | Apr 22, 2024

The Resilient Waters Fund team from the University of Utah's David Eccles School of Business emerged as the winners of the 14th annual Kellogg-Morgan Stanley Sustainable Investing Challenge. Their proposal to save Utah's Great Salt Lake earned them the top prize of $10,000. The fund aims to protect the Great Salt Lake by catalyzing funds through a creative land trust mechanism, promoting irrigation efficiency, responsible cropping, and water savings.Jessica Alsford, Morgan Stanley’s Chief Sustainability Officer and CEO of the Institute for Sustainable Investing,...

Banking & Financial Services

Business Life Insurance Solutions for Turbulent Times

By Business Daily | Apr 18, 2024

In a recent podcast, Nationwide Chief Economist Kathy Bostjancic and Nationwide Business Solutions Group Vice President Jessica Dowdy discussed how business life insurance can assist business owners in navigating the challenges of the current economic and labor markets. Dowdy highlighted the importance of solutions like corporate-owned life insurance (COLI) and bank-owned life insurance (BOLI) in addressing these issues.Dowdy emphasized the impact of the COVID-19 pandemic on business owners, stating, “Business owners are still reeling from the impacts of COVID, facing...

Banking & Financial Services

Is the Recent Climb in the Price of Gas About to Stall?

By Business Daily | Apr 18, 2024

WASHINGTON, D.C. (April 18, 2024) - Lackluster domestic demand for gasoline paired with decreasing oil prices led to the national average for a gallon of gas climbing just four cents to $3.67 since last week. With tensions running high over the past three weeks in the Middle East, the cost of oil reached the upper $80s per barrel. However, it has since fallen several dollars into the low $80s as the oil market watches to see if any further military actions occur."The situation overseas with war in both the Middle East and Ukraine has the oil market on edge," said Andrew...

Banking & Financial Services

Morgan Stanley Wealth Management Pulse Survey Reveals Bullish Sentiment Despite Drop in Optimism

By Business Daily | Apr 18, 2024

Morgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey, revealing that despite a drop in optimism, bullish sentiment remains strong among investors. According to the survey, three out of five investors (60%) are bullish this quarter, consistent with the previous quarter.Chris Larkin, Managing Director, Head of Trading and Investing at E*TRADE from Morgan Stanley, commented on the market trends, stating, “The US stock market is coming off one of its strongest first quarters of the past 20 years, and so it should not be...

Banking & Financial Services

Allstate Announces March and First Quarter 2024 Catastrophe Losses and Implemented Rates

By Business Daily | Apr 18, 2024

NORTHBROOK, Ill., April 18, 2024 – The Allstate Corporation (NYSE: ALL) released information regarding their March and first quarter 2024 catastrophe losses and implemented rates.According to the Allstate Corporation, the March month catastrophe losses totaled $328 million or $259 million after-tax. These losses stemmed from six events, with the majority of the losses, approximately 80%, attributed to one hail event. These losses were partially offset by favorable reserve reestimates for prior events.The total catastrophe losses for the first quarter of 2024 amounted to...

Banking & Financial Services

Allstate Customers Using Safe Driving App Have 25% Fewer Severe Collisions

By Business Daily | Apr 17, 2024

NORTHBROOK, Ill., April 17, 2024 – Allstate customers who opt into the Allstate app's safe driving features are experiencing a significant decrease in severe collisions. According to Allstate and its mobility data and analytics partner Arity, those who choose to use Drivewise are 25% less likely to have a severe collision than those who don't. Driving behavior research from Arity also indicates that Drivewise customers exhibit safer driving habits compared to other connected drivers, handling their phones less, speeding less, and hard braking less by as much as 44%.Ginger...

Banking & Financial Services

Peter Pan Pups: Unveiling Lifelong Health Risks in Canine Breeds with Persistent Puppy Behaviors

By Business Daily | Apr 17, 2024

Nationwide's Chief Veterinary Officer, Dr. Jules Benson, recently analyzed data from more than 22 million pet insurance claims to unveil some surprising trends regarding certain dog breeds. Dr. Benson noted that some breeds, known as "Peter Pan pups," retain puppy-like behaviors well into their mature and senior years, which can lead to specific health risks.Dr. Benson stated, "Some dog breeds continue to submit claims for what we might think of as ‘silly puppy’ conditions – including trauma, foreign body ingestion, and toxicity – well into their mature and even senior...

Banking & Financial Services

Nationwide Announces 2024 Wacky Pet Names Winners

By Business Daily | Apr 17, 2024

Nationwide has announced the winners of the 2024 Wacky Pet Names campaign. According to Nationwide, "Congratulations to Molly from Corporate, Tony “Scarface” Baloney and Thor Odinbun, God of Bunder for their first-place finishes in the dog, cat and exotic pet name categories, respectively."The annual competition by the nation’s pet health insurance leader recognizes the most unique and clever names among its roster of over 1.2 million protected pets. The top 10 wackiest dog, cat, and exotic pet names were put to a public vote that ran from April 9-12.In celebration of...

Banking & Financial Services

Morgan Stanley Reports First Quarter 2024

By Business Daily | Apr 16, 2024

Morgan Stanley Reports First Quarter 2024Morgan Stanley has announced that a conference call to discuss the results of the first quarter of 2024 will be held on April 16, 2024, at 9:30 a.m. (ET). The call will be available both live and on-demand via webcast on their website in the Investor Relations section.In a statement, Morgan Stanley emphasized the importance of respecting the copyright of their presentation, stating, "IMPORTANT INFORMATIONThis presentation by Morgan Stanley is copyrighted and proprietary, and all rights are reserved. Any recording, rebroadcast or...

Banking & Financial Services

Tech Thwarts Flames, Averts Catastrophe

By Business Daily | Apr 16, 2024

Thomas, a member of his local fire department, recently shared his experience with a Ting electrical fire monitoring device that detected an electrical problem in his home. According to Thomas, "The detection of an arching problem, when electricity 'jumps' across a tiny gap in a connection, was discovered by this device and allowed for immediate action to take place."Ting, a device that monitors the electrical network of a home, has been successful in preventing potential fires. It has detected over 500 fire hazards and alerted homeowners before a fire ignites, as...

Banking & Financial Services

Younger Travelers Driving Surge in Live Event Travel, Survey Shows

By Business Daily | Apr 16, 2024

COLUMBUS, OH (April 16, 2024) – A new study conducted by AAA and Bread Financial has revealed that younger generations are significantly impacting the landscape of live event travel. According to the survey, approximately three in five Gen Z and Millennial respondents have either traveled or plan to travel for in-person events like concerts, sporting events, comedy shows, and book readings that are more than 50 miles from home.The study found that younger travelers are willing to go the extra mile, with more than half of Gen Z travelers opting for plane travel and a...

Banking & Financial Services

Get ready for the NFL Draft with Peyton Manning

By Business Daily | Apr 15, 2024

NFL Hall of Famer Peyton Manning is stepping into a new role to help upcoming NFL Draft prospects prepare for the big night. In Nationwide's latest ad campaign titled "Draft Night Drills," Manning is using his experience as the 1998 NFL Draft #1 pick to guide draftees through various scenarios they may encounter.The campaign, which includes a 30-second commercial, showcases Manning coaching fictional prospects on essential aspects of Draft night, such as selecting the perfect outfit and mastering the art of embracing the commissioner. Reflecting on this initiative,...

Banking & Financial Services

AF Group Joins Triple-I as Its Latest Member

By Business Daily | Apr 15, 2024

AF Group has joined the Insurance Information Institute (Triple-I) as its most recent member. "AF Group is a driving force in the specialty solutions market, and the Triple-I is honored to have the support of such an important organization," said Sean Kevelighan, CEO, Triple-I.Lisa Corless, President and CEO of AF Group, emphasized the importance of the partnership, stating, "Among the biggest concerns for insurers today are rate adequacy, inflation, climate change and economic uncertainty." She added, "Aligning with the Triple-I is an ideal way to foster our unique...

Banking & Financial Services

Morgan Stanley Strengthens Alliance for Children’s Mental Health with New Funding and Members

By Business Daily | Apr 11, 2024

New York - Morgan Stanley has announced a significant financial commitment to its Alliance for Children’s Mental Health, with a total funding of $50 million since its inception in 2020. The latest pledge of $20 million over the next five years aims to bolster the Alliance's efforts in delivering programming, research, and innovative solutions to support children's mental health.The Alliance has expanded its reach by welcoming two new members, the American Academy of Pediatrics and Sesame Workshop, to collaborate on enhancing mental health support for children. Ted Pick,...

Banking & Financial Services

Triple-I: Insurance Economic Drivers Outperforming Overall US GDP, and Likely to Gain Further Momentum on Federal Reserve Cuts

By Business Daily | Apr 11, 2024

The economic drivers of the U.S. property/casualty (P/C) insurance industry are showing promising growth, outpacing the nation's Gross Domestic Product (GDP) and poised to accelerate even more with potential Federal Reserve monetary rate cuts. According to Michel Léonard, chief economist and data scientist at the Insurance Information Institute (Triple-I), "Triple-I forecasts P&C underlying growth to increase to 3.4% in 2024, 1.2% above the Fed’s GDP forecast of 2.2%."Léonard further stated, "Triple-I expects P&C underlying growth to continue outperforming overall GDP...

Banking & Financial Services

Nationwide Secures Pension Risk Transfer Deal with Ohio Farm Bureau

By Business Daily | Apr 10, 2024

Nationwide, a company deeply rooted in agricultural history, has announced a significant achievement in its longstanding partnership with the Ohio Farm Bureau. The company has taken on the responsibility for Ohio Farm Bureau's defined benefit plan retirees through a pension risk transfer (PRT) transaction.According to Adam Sharp, the executive vice president of Ohio Farm Bureau, Nationwide's shared values with the organization and its track record of strength and stability made them the ideal choice for this partnership. Sharp stated, "Nationwide is a company with a deep...

Banking & Financial Services

When Seconds Count: Defending Against Fire in Agriculture

By Business Daily | Apr 9, 2024

Wesley vividly recalls the intense moment when a fire threatened his family's Montana farm in July 2022. Describing the swift action taken by his father-in-law, Wesley narrates, "Suddenly, my father-in-law saw flames in the field behind him. Without hesitation, he dumped the hay from the baler and turned the tractor around to fight the blaze."Amidst the chaos, the Enforcer 10 played a crucial role in extinguishing the fire. Wesley explains, "He rushed to the front of the tractor, activated the Enforcer 10, and within seconds, the fire on the baler was out." This...

Banking & Financial Services News

Latest News

Most Read