This state wasnt just recently named the top state for business in america. So many huge businesses are down here, including Delta Air Lines. Ceo Richard Anderson joining us exclusively in just a moment. Also, georgia governor nathan diehl is going to join us. Well ask him how hes going to be tops on the business lid list next year. Fed president Dennis Lockhart will join us after the bell in a newsmaking interview. And the person rumored to be home depots next ceo, craig menear, also here exclusively and gives us a peek into some of the major changes theyre making to their distribution network, bill. Yeah, the economys doing okay in georgia there, and its contributing a great degree to whats going on on the east coast here, so weve got a lot to talk about in that regard. The european economy is struggling, though, and the european markets were down today. The german dax was down enough to make it into correction territory today. It has since bounced back a little bit, but those europe
Thank you so much for watching street signs. Keep warm, keep safe. Closing bell is coming up next. Hi, everybody. Happy friday to you. Welcome to the closing bell. Im Maria Bartiromo at the New York Stock Exchange where they have stayed open despite the storm and the stock market. Today is in a fight to the finish the week on the positive. Bill . Hey, maria, yeah. Im Bill Griffith here at cnbc headquarters. Lets face it, the market is doing better than the roads in this noreaster so far this friday. Heres what you have to think about. The dow has to finish higher by about 66 points for us to be up for the week. If not, this remarkably would be the first losing week for the dow this year so far, maria. Yeah. Its been such a year. Also today, we are, of course, following this storm as it continues to develop and intensify. There are worries about widespread Power Outages with these blizzard conditions. Thousands of flights already cancelled. More than 3,000 in fact. Likely many more to b
Insurance companies are completely different. U. S. Insurance Companies Hold about 5 trillion dollars in assets today. In the feds proposed rule on capital standards, the rule is by Bank Regulators which makes sense for banks but they also apply to insurance companies. And insurance and banking are very different as i know you agree. Strong capital standards, they are important. But they must be appropriate for a Business Model they apply to. Will the fed perform a study specific to insurance before you finalize rules like you do for banks . We are discussing the feasibility of such a study. We recognize that there are important differences between banks and insurance companies. At the same time, of course, we have statutory constraints, the collins amendment, for example, that say a certain amount of capital is necessary, but weve also heard from congress about this insurance banking distinction, and were looking at it very seriously. We have been consulting i should say with the stat
FSCS declares two British Steel adviser firms in default
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Nine adviser firms in total
The Financial Services Compensation Scheme (FSCS) has declared nine financial advice firms in default in March, two of which advised on British Steel transfers.
Between 1 and 31 March, the lifeboat fund declared a total of 11 firms in default, nine of which were financial advice firms.