Hints and tips:
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...two weeks ago announced a merger with its insurance affiliate, Athene....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...In the past, bonds and equities were less correlated and investors could take shelter in bonds when equity markets fell....
...estate and hotels, as well as insurance and financial services”....
...Guggenheim, whose clients range from the New York police pension fund and regional insurance companies to jet-setting billionaires like casino tycoon Frank Fertitta, has faced months of upheaval due to an...
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...The Dundee-based company said it had been “mutually agreed” that Ms Garrett-Cox, who became chief executive of Alliance Trust in 2008, would leave in March with up to a year’s pay as part of her severance...
...“At our location in New Jersey about half of people would take their lunch upstairs to eat at their desks,” says Jack Cox, the pharmaceutical group’s head of media....
...From “activist investors” to investment banks, from management consultants to asset managers, from high-frequency traders to insurance companies, today, financiers dictate terms to American business, rather...
...If her employer does offer an alternative this is likely to be subject to income tax and national insurance....
...The individual mainland holders, including mutual fund shareholders, are already seething with anger....
...Zopa, established in 2005, is the oldest UK company in the sector....
...Equitable Life, the mutual society, is preparing the ground for a fresh £200m capital carve-up which could see enhanced payouts for its 400,000 policyholders....
...In other words, expand the bargain made with deposit insurance to more modern forms of money used by institutional savers....
...Think of deposits, or commercial paper sold to money-market mutual funds....
...“Very often there are technicalities which are the beginning of a failure, for example missing dates or signatures on mutual legal assistance requests,” says Rudolf Wyss, Switzerland’s former head of mutual...
...Nationwide Mutual Insurance Company, a major US domestic insurer, says it will no longer cover any fracking-related damages....
...Six months later the bank failed and the Federal Deposit Insurance Corp, the regulator, sold WaMu to JPMorgan....
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