Hints and tips:
...It is that the general underlying thought behind the use of the word “guaranty” with respect to bank deposits is that you guaranty bad banks as well as good banks and the minute the government starts to...
...But the areas of inquiry that are outlined in the document were formulated from examinations conducted over the past year, said Carlo di Florio, global advisory leader at ACA Group....
...But rather than specify the actuarial details of how the rescue would work, the congressional sponsors and the administration left this job to the experts at the Pension Benefit Guaranty Corporation, a US...
...Corporation....
...The new company shed crippling pension liabilities to the US government’s Pension Benefit Guaranty Corporation and struck a new labour contract that cut miners’ pay by 20 per cent....
...“The ACA is now popular. It was unpopular, it was tested and everyone loved it,” says the Biden administration official....
...There were fears that the additional leverage from a private equity takeover could provoke action from the US pension watchdog, the Pension Benefit Guaranty Corporation....
...The perilous state of pension finances in general was underscored in August 2019 by the Pension Benefit Guaranty Corporation, which insures the US retirement systems against insolvency....
...Set up in 1974, the Pension Benefit Guaranty Corporation (PBGC) was designed to protect and insure the pension benefits promised by private companies....
...McClatchy is proposing the US government’s Pension Benefit Guaranty Corporation take over its retirement plan....
...Some protection is offered under the Pension Benefit Guaranty Corporation, established in 1974 as an independent federal agency to rescue insolvent funds....
...The Pension Benefit Guaranty Corporation, the US pension safety net, predicts that its multi-employer programme will almost certainly be insolvent by the end of 2025....
...Among Sears’ largest trade creditors, according to court papers, are Whirlpool Corporation (owed $23m), Frigidaire ($19m) and Winia Daewoo ($15m)....
...Mr Kandarian — the former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — said the episode was “especially distressing to me” and “deeply embarrassing...
...Last May private equity group Blackstone joined the fray, joining a consortium that bought Fidelity & Guaranty Life for $1.8bn....
...Assured Guaranty Municipal Corporation, one of Assured’s subsidiaries, could see its capital “modestly affected” by a restructuring, he added....
...The problems at MetLife — which is headed by Steven Kandarian, former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — involve pensions risk transfer...
...About 19m people have gained coverage since ACA was signed in 2010....
...Companies also face a higher penalty on their unfunded pension plans from the Pension Benefit Guaranty Corporation....
...First, after the latest failure to repeal the ACA, Republicans are desperate for a legislative achievement....
...It comprises Flushing Financial, Guaranty Bancorp, Independent Bank, MutualFirst Financial, Seacoast Banking Corporation of Florida, State Bank Financial, and United Financial....
...Mr Dachille said that AIG’s residential portfolio had been “limited” in large part because it had already been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full....
...Then, in May, the company withdrew a regulatory application for its $1.57bn acquisition of Fidelity & Guaranty Life after a US regulator asked for more information from the buyer....
...Receive too many claims and the scheme may run out of money, as seems to be happening to its US equivalent, the Pensions Benefit Guaranty Corporation....
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