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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...NYCB bought the operations of Signature Bank, another lender that collapsed last year, in a deal arranged by the Federal Deposit Insurance Corp....
...Chief executive Brian Chesky told the Financial Times that from next year the online rental company would “go a little bit beyond its core business”, including an expansion of its experiences and services...
...Further reading: — What’s going on with US car insurance? — Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...But this company has a strong foundation, strong liquidity and a strong deposit base, which gives me confidence for our path forward,” DiNello told analysts....
...into bank parent companies....
...Another potential option would be the newly established Foundation for Energy Security and Innovation (FESI)....
...Insurance group Zurich has accused financier Lex Greensill, steel magnate Sanjeev Gupta and certain of their companies of a “conspiracy” to deceive its underwriters and create sham debts....
...In what ways might Lyft — America’s second-biggest minicab dispatch company, which since its foundation in 2012 has never broken even — become dramatically more profitable overnight?...
...Managing public companies is really hard. One good read The risks of management by “hard numbers.”...
...His chart: Companies that cater to the low-end consumer have felt some pressure already....
...In July 2022, the firm secured a €7bn pool to lend to European midmarket companies, the largest fund it has ever raised....
...a borrower is at least 30 days late, according to filings to the Federal Deposit Insurance Corporation....
...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....
...Instead, it records its net gains (or more recently, losses) as a liability called “interest maintenance reserve” or IMR....
...It doesn’t often come from the chief executive of a company we’ve written about....
...Both companies have previously had deals blocked....
...As Sonali Basak pointed out on Bloomberg last week, if the assets are held within insurance-company subsidiaries, insurance regulators will have visibility, and there will be some required disclosures....
...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...
...US health insurer Cigna has abandoned plans to merge with Humana, a blockbuster transaction that would have created a $140bn insurance giant, according to people familiar with the matter....
...As VCs resist spending their reserves, young companies without an obvious path to profitability or a lucrative exit will instead face drastic cuts to their valuations and potential failure....
...Pension funds and insurance companies, in particular, have an opportunity to lock in an asset mix that matches their liabilities. But while demand may explain spreads, it does not justify them....
...The Federal Reserve has been holding its benchmark interest rate at a 22-year high since July, but borrowers in convertible markets have been able to raise funds at much lower interest rates with relatively...
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...The gains were fuelled by its insurance unit, which reported strong underwriting profits of $2.4bn, offsetting weakness at BNSF and reserves for losses tied to wildfire litigation against its utility....
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