Hints and tips:
...Further complicating matters, specialised insurance firms have also written contracts protecting some bondholders from a default....
...Back in 1984, by way of comparison, it took depositors an entire week to withdraw half their funds from Continental Illinois — in person — when that giant lender failed....
...Several US cities — including New York, Seattle, Los Angeles and the small town of Evanston, Illinois, where I live, — are experimenting with “participatory budgeting”, a form of direct democracy that lets...
...Spotting an electric truck on the road remains a novelty in most of the US, but not Normal, Illinois....
...Assured Guaranty provides a niche type of insurance that pays out to lenders if a borrower defaults on its loans....
...It is that the general underlying thought behind the use of the word “guaranty” with respect to bank deposits is that you guaranty bad banks as well as good banks and the minute the government starts to...
...The regulator said it had tried to minimise losses to the deposit insurance fund, which would come to $13bn under the deal....
...It is also known for financing entrepreneurs who create platform companies to consolidate industries like insurance....
...As a way to think it through, suppose the government announced universal and permanent deposit insurance tomorrow, paid for by levies on banks by the FDIC’s Deposit Insurance Fund, as small-deposit insurance...
...Paul Volcker, the Fed chairman at the time, chose pragmatism, organising a rescue with the central bank and the Federal Deposit Insurance Corporation working together....
...Meanwhile, a veteran of the 1980s bank crisis in the US has criticised the decision by the Federal Deposit Insurance Corporation to sell First Republic to JPMorgan....
...In a move that was radical then, reflexive now, the Federal Deposit Insurance Corporation extended unlimited protection to Continental depositors — just as it has done for SVB depositors....
...“If we had a fair and balanced [system] then 1.7mn more people would vote in just Illinois.” So the company raised funds to fight gerrymandering and recruited other businesses to the cause....
...The credit rating of the state of Illinois — which was flirting with insolvency at the onset of the pandemic because of pension liabilities and declining tax revenue — was upgraded in April....
...By last year, the financial condition of many plans had become so dire that the federal programme to provide back-up insurance to beneficiaries was itself projected to become insolvent by 2026....
...Investors grow frustrated with hedge funds after historic losses Hedge funds are heading for one of their worst years of performance on record, leaving investors frustrated with how many managers have failed...
...And there’s not gonna be the funds for the hotels, there’s not gonna be the funds for the cost of the abortion....
...The company currently offers insurance in Illinois and plans to expand to the rest of the 50 states in the coming year....
...The fund, which acts as a sort of globalisation insurance, is now going to be significantly harder to access....
...It is notoriously expensive in the US: upwards of $100,000, thanks to legal fees, fertility treatments, medical insurance, escrow funds and surrogacy compensation....
...Mr Foley is a billionaire with a record in the insurance sector....
...Even in the midst of the longest bull market in history, it warned that its own Multiemployer Insurance Program was heading for insolvency by 2025, affecting 10m members....
...Texas could run for 70 days on its rainy day fund; South Carolina, for 23. Illinois, according to Ms Mendoza, could run for “30 seconds”....
...She was previously co-chair of Quinn Emanuel’s insurance and reinsurance litigation group....
...And yet SoftBank and an Abu Dhabi sovereign wealth fund are in talks to back the controversial UK government-led bid consortium, according to Sky News. 5....
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