Keep up to date with the latest finance news in our round-up…
IFRS 17 to be more costly than Solvency II
A survey by SAS has found that 97% of senior insurance professionals expect IFRS 17 to increase the complexity and cost of operating in the industry.
Carney warns on ‘disorderly Brexit’ fallout
The Bank of England governor has said that interest rate rises could be delayed in the event of a ‘disorderly’ Brexit. He made this statement at a London conference.
Deutsche Bank slashes 7,000 jobs with City likely to take hit
Germany’s largest lender is set to axe one in four equities sales and trading jobs, many of which are located in New York and London. Deutsche Bank is one of the largest employers in the City and employees about 8,500 people in the UK.
More than 90% of British people risk hardship by insuring their phones ahead of their health
We are more likely to insure our mobile phones than protect our health, according to a study. Just 14 million Britons have a life insurance policy, a 3.6 million fall in the past year.
Meghan Markle makes gold sales sparkle
The first three months of the year were the strongest first quarter for gold jewellery demand in the US since 2009. Sellers have said this could be down to the fact that the Duchess of Sussex favours yellow gold.