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...So, too, last month: although deposit insurance was supposed to cover only the first $250,000 of SVB and Signature accounts, the government protected them all, at a cost of more than $20bn....
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...That worked until 2002 when the guy from Merrill Lynch whose name I forget [Henry Blodget] publicly stated that this company was no good while having a strong buy recommendation on it....
...“We need corporate America to step up,” she said....
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...In 2007, he sold First Republic to Merrill Lynch for a 40 per cent premium....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
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...Just ask the former executives, as I have, of Bear Stearns, or Lehman Brothers, or Merrill Lynch....
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...“The fact of the matter is [that] this is far broader than just insurance brokerage,” Williams said, although he adds that insurance is likely to remain the company’s largest business line....
...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....
...companies....
...So it is better for Nexo to present itself as Bank of America to Celsius’ Merrill Lynch....
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...He selected Peter Lynch, who first joined Fidelity as an intern after caddying for some of the company’s senior executives....
...Several of the worst-performing companies in the index, including Hippo and Root, focus on personal lines of insurance such as home and auto....
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