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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Go deeper The Fed must emulate the tactics of Volcker’s fight against inflation, writes former chair of the US Federal Deposit Insurance Corporation Sheila Bair. Five more stories in the news 1....
...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....
...Institutions such as Daiichi Life, a Japanese insurance company, and individual investors have invested in the bonds....
...“I have worked very hard the 20-plus years I've been here to ensure that the branding and the image of this company is not wrapped in the American flag,” says E. V....
...some contraceptive services in health insurance....
...He had been prosecuted after alerting shareholders to a fraud at Equity Funding Corporation of America, an insurance company....
...long-established corporations....
...America’s Health Insurance Plans, a trade group, said in a friend of the court brief that removing the premium subsidies would create “severely dysfunctional insurance markets” in the affected states....
...I can confirm today we’re going to reduce the rate of Corporation Tax even further. That’s the rate Britain’s profitmaking companies — large and small — have to pay....
...Its healthcare investments, including IMS Health and Surgical Centers of America, have also performed well....
...The debt was accumulated through two recent acquisitions of property and casualty insurers: the 2007 purchase of Ohio Casualty, followed in 2008 by the purchase of SafeCo....
...They put in place the Federal Deposit Insurance Corporation to provide an orderly resolution of troubled depository institutions – “banks” – before they failed....
...If growth in developed countries starts to look like a “U”, in emerging markets it already is a “V”....
...In the US, for instance, the latest Quarterly Banking Profile from the Federal Deposit Insurance Corporation showed that non-current loans (loans where payments have fallen behind schedule) were rising...
...facilitated by the Federal Deposit Insurance Corporation (FDIC)....
...Boston-based Liberty Mutual is paying $68.25 per share in cash to acquire Safeco, a 51% premium to the Seattle-based insurer’s closing price on Tuesday of $45.23....
...Safeco in January reported a 30 per cent drop in first quarter profit to $144.5m. The auto insurance division reported a pretax underwriting loss of $19m....
...Bank of America shares fell 1.5 per cent to $37.89 over the week....
...But an unexpected rally in financials helped wipe out those declines thanks to upgrades and strong results at a handful of insurance companies....
...Wachovia lost 81.6 per cent of its market capitalisation, to $1.84 a share. Citigroup agreed to buy most of its assets and liabilities in a deal brokered by the Federal Deposit Insurance Corporation....
...V....
...Indeed, on the face of it Leitz ran a model Nazi corporation, supplying Leicas to the Army and the Luftwaffe, and manufacturing the navigation gear for the V-2 rocket....
...Revisionist history Maurice “Hank” Greenberg, the recently ousted chairman of AIG, the world’s largest insurance company, has always been a tough businessman, but even he might have felt a bit hurt if he...
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