Barbara Pianese
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editor @TheBanker
Views my own. RT not endorsements.
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Meet the Recipients of the 2025 BVU and FARE Student Partnership
Last year, the BISA Black Voices Unmuted (BVU) Subcommittee launched a partnership with the FARE to support their mission of advancing inclusion within the financial services industry through education, professional development and community empowerment. As part of this partnership, BVU extended an invitation to two students — Jasmine Pierce and Imani B. Washington — to attend the BISA Annual Conference in March. Pierce and Washington were recommended by FARE for this opportunity.
5 Years After Average Initial Fixed Annuities Premiums Jumped, A Wave of Maturities Looms
The typical fixed-rate contract for individual fixed annuities sold in 2020 had a five-year surrender charge period, which will be up this year. The end of surrender-charge periods for individual fixed annuities could impact annuity issuers, say Bob Jiang Huang and other analysts at Morgan Stanley.
FDIC May Ease ILCs’ Entrance Into Banking Space
The Federal Deposit Insurance Corporation (FDIC) during the Biden administration was hesitant to offer federal deposit insurance to industrial loan companies (ILC), but many expect the regulator to be more receptive to such requests under the Trump administration. “We do expect ILC applications to increase notably, and approvals similarly to rise,” said Michele Alt, co-founder at advisory group Klaros Group and previously district counsel at the Office of the Comptroller of the Currency.
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