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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...It was entangled in US legal battles over subprime mortgages, had a minor role in the Malaysian 1MDB scandal and pleaded guilty to helping American citizens file fake tax returns....
...The 2 percentage-point increase in his mortgage rate means his monthly payments, including insurance and taxes, have roughly doubled....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...News clip 6 Banking fallout continues as the American government tries to orchestrate a rescue of First Republic Bank with the aid of . . ....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...It was founded back in 2004 by John McQuown, the inventor of the first index fund; the well-connected American financier David Solo; and Stephen Kealhofer, a cerebral former academic who has devoted much...
...If mortgage rates keep going up — now we’re talking about 6 per cent, two-year fixed today — if these things continue, if these rising mortgage rates precipitate a correction in the housing market, if that...
...About 95 per cent of the insurer’s assets are invested in corporate debt, mortgage-backed securities and cash. The insurance company carries little debt, and a lot of excess capital....
...become the sixth-largest provider of mortgages to American homeowners....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...On an adjusted and reported basis, earnings fell in the North and Latin American businesses, both year on year and quarter on quarter....
...CG top picks: • Senior producers: Newmont, Pan American Silver, B2Gold • Intermediate/Junior producers: Teranga, Dundee Precious Metals • Royalty/streaming companies: Wheaton Precious Metals 12:10pm...
...Instead, they shoulder financial risks on loans that are underwritten by commercial mortgage companies....
...Until, that is, the Department of the Treasury started to demand title insurance companies identify beneficial owners in certain counties....
...The title of Powell’s speech was “The Case for Housing Finance Reform”....
...V....
...Other executives sold subprime exposures to rivals and bought insurance against default....
...(NAR) It’s a big day for Boeing The aircraft and defence company’s first-quarter results will be affected by pressure from weak demand for widebody aircraft after more lay-offs were announced last week...
...At [my company] we build warriors....
...The Treasury issued orders on Wednesday requiring US title insurance companies in Miami and Manhattan to identify the “natural persons” behind shell companies used to buy high-end real estate in many all-cash...
...This current CEO of a large financial institution was one of the first traders of mortgage-backed securities during his time at the investment bank First Boston....
...owns part of a mortgage lender....
...He “kept writing, but for less and less money”, and soon found himself struggling to pay the mortgage....
...Warren Buffett is one — his success comes from great stock-picking skills but also the innovative idea of using an insurance company structure to secure high leverage without the risk that highly geared...
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