Silicon Valley Needs to Accept That Insurance Is Boring 

Venture capitalists have too often backed flashy "insurtech" startups with unworkable growth expectations.

Climate Change Has Hit Home Insurance. Is Health Insurance Next? 

Insurers are adjusting to assessing climate risk as extreme heat and air pollution have been linked to a rise in hospitalizations.

ABN AMRO Announces Fresh Buyback After Profit Beat 

ABN AMRO launched a EUR500 million buyback after its fourth-quarter net profit beat forecasts and set out its return on equity target for 2026.

CBA's First-Half Profit Falls 8%; Raises Dividend 

CEO Matt Comyn said the bank expects an "uptick in our arrears and impairments."

SEC's Gensler Bracing for Lawsuits Over Climate Rule 

Securities and Exchange Commission head Gary Gensler said possible lawsuits challenging the agency's proposed climate disclosure rule would be "part of our democracy," but added that the SEC is working to craft a rule that holds up to judicial scrutiny.

TPG Takes Aim at Opportunities in Credit, Infrastructure and Real Estate 

The buyout firm begins this year with $51 billion to invest after acquiring Angelo Gordon in November.

It's Crunch Time for One of Europe's Last Big Wall Street Players 

Barclays Chief Executive C.S. Venkatakrishnan faces a career-defining test.

Tougher Rent Laws Are Behind Trouble at NYCB 

The lender is coming under pressure as property values drop at rent-stabilized apartment buildings.

Insurance Broker Arthur J. Gallagher Says Justice Department Bribery Probe Has Ended 

Arthur J. Gallagher & Co. said a U.S. Justice Department investigation related to its insurance business with public entities in Ecuador has ended without charge.

Recession in 2024? A quarter of economists think it will happen. 

High interest rates and an external "shock" are among their worries, NABE finds.

(END) Dow Jones Newswires

02-14-24 0715ET