Hints and tips:
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Both Cigna and Humana have had previous deals blocked by federal courts. In 2017, Humana and Aetna called off merger plans after a federal judge ruled it was uncompetitive....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...Deposit Insurance Corporation....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...Both companies have previously had deals blocked....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...HomeServices is appealing that decision but said it believed the damages could be trebled under federal law to $5.4bn....
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...As Jefferies analyst David Windley explained to me, Cigna is the cheapest of the big health insurance stocks in part because it has the least exposure to Medicare Advantage — that is, to managing older patients...
...The suburban New York-based institution last March acquired most of Signature’s deposits and just over a third of its assets including nearly $13bn in loans, in a deal arranged by the Federal Deposit Insurance...
...Late last year, the Federal Deposit Insurance Corporation proposed requiring banks to disclose more data on what types of shadow banks they are lending to....
...IAG and Tokio Marine are among those being pursued by Greensill creditors, including Credit Suisse, in Australia’s federal court in a test case that will decide whether insurance policies that the collapsed...
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...Among the bank’s $4bn in fourth-quarter charges and expenses included $1.7bn it had to pay as part of a “special assessment” from the Federal Deposit Insurance Corporation to recoup losses linked to last...
...The recovery in global corporate bond and loan markets began after the Federal Reserve signalled it sees a path to cutting interest rates later this year....
...Ajit Jain, a Berkshire vice-chair who oversees its insurance operations, told shareholders at the annual meeting in May that the company had wagered heavily on the Florida insurance market and had written...
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...The cash position at Berkshire is there to earn high returns opportunistically and to ensure the insurance companies are never caught short of funds....
...The company, which uses the premiums it receives on insurance policies to fund its investments, has benefited from the Federal Reserve’s move to increase interest rates....
...Berkshire’s other big overweights are in energy, utilities, rails, and insurance....
...With a recent cancer diagnosis, Dixon feared that she would lose her health insurance if she lost her job....
...The litigation disappeared from public view after the proceedings moved from federal court to a secretive arbitration panel....
International Edition