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...Other independent lenders, including Sprout Mortgage and First Guaranty Mortgage Corp, have gone out of business....
...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...
...While Hawaii is the most expensive US state to live in, it is housing costs that are the most inflated — now three times the national average, according to data from the Missouri Economic Research and Information...
...They were also behind a blank-cheque acquisition company that bought the life insurer Fidelity & Guaranty Life for $1.8bn in 2017....
...The pair had previously joined forces to create a blank-cheque acquisition company that bought the life insurer Fidelity & Guaranty Life for $1.8bn in 2017....
...will continue to operate as usual, with $50m in debt-in-possession financing from Encina Business Credit, while the restructuring plan is being agreed with creditors, bondholders and the Pension Benefit Guaranty...
...The National Audit Office, parliament’s spending watchdog, said in a report in January that Britain had incurred billions of pounds in extra costs for no clear benefit by using the PFI to build much of its...
...Moody’s said Assured Guaranty and MBIA subsidiary National Public Finance Guarantee Corporation both had “substantial exposure” to Puerto Rican debts....
...Alternative asset managers have gathered significant assets from national wealth funds, pension funds and endowments. Insurance is one of the few large pots remaining to be tapped. sujeet.indap@ft.com...
...Blackstone will gain as much as $20bn worth of funds to manage after the world’s biggest private equity group backed the $1.8bn purchase of US annuity provider Fidelity & Guaranty Life....
...Despite Mr Buhari’s efforts, corruption remains endemic with an estimated 82.3m bribes, amounting to 400bn naira ($1.1bn), paid each year, according to a study released by Nigeria’s National Bureau of Statistics...
...Now Arch is expanding into the mortgage business with an agreement this month to buy United Guaranty Corp (UGC) from AIG, a $3.4bn deal that will make the Bermuda-based group the biggest private mortgage...
...For investors holding that insured paper, companies such as Ambac, Assured Guaranty, and MBIA unit National Public Finance Guarantee have stepped in to cover missed interest payments, propelling a rally...
...Questions from a US regulator have prompted Anbang Insurance to drop an application for approval of its $1.57bn buyout of Fidelity & Guaranty Life, the latest regulatory hurdle faced by the Chinese company...
...The Pan-Atlantic University in Lagos houses an extensive collection, as do the headquarters of Guaranty Trust Bank and Access Bank....
...Meanwhile, Anbang’s $1.57bn offer for life insurer Fidelity & Guaranty Life is still pending approval from regulators in the US states of Iowa and New York, as well as from the CIRC....
...The bad news is that without a crisis we do not tend to make those repairs,” added Mr Millard, who used to run the US government’s pension protection agency, the Pension Benefit Guaranty Corp....
...When national economies are faced with problems affecting their currency, it is not uncommon for a parallel currency to become a more acceptable currency than a national one....
...The agreement did not include a key party to the negotiations, as the utility continues to thrash out terms with monoline insurers, including Assured Guaranty, National Public Finance Guarantee and Syncora...
...A deal, which would be the largest restructuring in the $3.6tn muni market, has not yet been clinched as monoline insurers — including Assured Guaranty, National Public Finance Guarantee and Syncora Guarantee...
...Tens of thousands of Nigerians finish their undergraduate education each year, with nearly 183,000 graduating in 2010-2011, the most recent year statistics were available from the National Universities Commission...
...In 2014, state-owned China National Building Materials acquired Avancis, a German manufacturer of advanced materials used in solar panels....
...EFG Eurobank Ergas, Piraeus Bank and the National Bank of Greece all shed roughly a quarter of their value....
...Gemma Woodward was formerly an independent investment adviser to the Royal National Institute of Blind People....
...Guaranty Trust Bank, a leading Nigerian bank, announced it would be shutting early on Monday because it had insufficient diesel to run generators across its branches....
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