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...Smart reads Bankruptcy in Texas Houston has been a favoured city for cash-strapped companies and corporations with large legal liabilities to find shelter from creditors....
...companies....
...Nationwide, the average rate on a traditional savings account stands at 0.39 per cent, up from 0.06 per cent a year ago, according to the Federal Deposit Insurance Corporation....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2022....
...The market has coped well with BlackRock’s steady selling of the $114bn in MBS and other assets inherited by the Federal Deposit Insurance Corporation from the collapses of Silicon Valley Bank and Signature...
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...That’s why the company is seeking to buy what it calls “mini-MatchMoves” in markets in central Europe, Latin America and the US, he said....
...It’s lined up Credit Suisse for debt financing, and Northumberland Estates and the Pension Insurance Corporation as potential backers. But his organisation isn’t keen to pay £2bn....
...The insurance industry significantly increased its disclosures and now leads all business sectors in publishing climate risk management processes, TCFD said....
...Only about half of insurance companies disclosed a low-carbon transition plan and only half of those companies were taking action with their underwriting portfolios, CDP said....
...Lemonade, the SoftBank-backed insurance start-up that completed an initial public offering earlier this month, has launched as a B Corporation — a business certified for achieving high environmental and...
...Insurance companies and pension funds — many of which have regulatory reasons to avoid investing in equities — lined up to buy it all....
...s decision to settle eight sexual harassment lawsuits with company funds, and to take no disciplinary action against the CEO, were “routine business decisions in the interest of the corporation”....
...The Big Three are on course to control 40 per cent of the votes in American corporations in a couple of decades....
...(FT) Getting liquidity into markets As part of the FT’s Coronavirus: the economic cure series, Sheila Bair, a former chair of the US Federal Deposit Insurance Corporation, says banks should suspend discretionary...
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...The money came from Samuel Bronfman, founder of the Seagram Company, who made a fortune out of alcohol just as America turned to prohibition....
...The council is comprised mainly of the heads of top regulators, including the Securities and Exchange Commission, Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau....
...By classifying drivers as independent contractors, Uber does not have to pay costs for benefits such as health insurance and sick leave that they must offer employees....
...This article is from the Nikkei Asian Review, a global publication with a uniquely Asian perspective on politics, the economy, business and international affairs....
...He also sits on the board of the Federal Deposit Insurance Corporation (FDIC), another banking regulator, and is a voting member of the Financial Stability Oversight Council....
...The failure arose because of practices dating back to the 1990s at MetLife’s pensions “risk transfer” business, under which companies transfer their retirement liabilities to insurers....
...The company also said it was postponing the release of its full-year results by two weeks....
...In recent months average deposit rates tracked by the Federal Deposit Insurance Corporation have begun to creep higher, led by big online banks such as Ally Financial and Synchrony, prompting branch-based...
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