LONDON — Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial insurance market said on Thursday. Lloyd’s …
There’s an old saying that “#$%^ runs downhill.” So, if you want to find the source of the #$%^ , you go to the top of the hill. A similar saying, more to the point, is “Garbage in, garbage out” …
LONDON, Aug 26 — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? …