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By Reuters |
May 10, 2012
The New York Federal Reserve said on Thursday it sold all its TRIAXX collateralized debt obligations from a portfolio of assets that was used in the government bailout of insurer AIG to Merrill Lynch, following a competitive bid process with eight other Wall Street firms.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 2, 2012
Bank holding company insurance-brokerage-fee income rose more than 9 percent last year compared to 2010, reaching record levels of close to $8 billion, according to a recent report measuring bank-insurance activity.
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By Adam Tempkin and Karen Brettell, Reuters |
April 26, 2012
Barclays and Deutsche Bank on Thursday won a fierce bidding war for a portfolio of toxic assets the US government acquired in the 2008 bailout of insurance giant AIG.
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By Staff Writer |
April 9, 2012
The Treasury announced on April 6 that the chief executives of AIG, Ally Financial and General Motors would have their compensation packages frozen for a second year in a row, essentially keeping their compensation at 2011 levels.
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By Randall Chase, Associated Press |
March 20, 2012
A Delaware judge dismissed a shareholder lawsuit alleging that billionaire Warren Buffett and directors of Berkshire Hathaway Inc. failed to take proper action in response to stock trades by a former Berkshire executive ahead of the company's $9 billion acquisition of chemical manufacturer Lubrizol.
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By Associated Press |
February 17, 2012
Citigroup has agreed to pay $158.3 million to settle claims that its mortgage unit duped the U.S. government into insuring risky mortgage loans for over six years.
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By Mark E. Ruquet |
February 16, 2012
Insurance-brokerage fees for bank-holding companies were up more than 14 percent over the first three quarters of 2011, but the two major bank-owned P&C brokers saw their fees drop over the period.
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By Mark E. Ruquet, PropertyCasualty360.com |
February 9, 2012
Insurance-brokerage fees for bank holding companies increased more than 14 percent over the first three quarters of 2011, but the two major bank-owned property and casualty brokers saw their fees drop over the period.
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By Phil Gusman, PropertyCasualty360.com |
February 3, 2012
Bank of America cannot be held liable to Allstate Insurance Company over residential mortgage-backed securities purchased by Allstate from Countrywide Financial Corporation.
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By Michael P. Voelker |
February 2, 2012
As cyber risks increasingly become a top-of-mind issue for a wide spectrum of businesses, the market for policies is wide open—and the competition intense.
