Hints and tips:
...Congress created the Federal Deposit Insurance Corporation (FDIC) during the Great Depression to stop the rolling banking panic by guaranteeing bank deposits....
...But rather than specify the actuarial details of how the rescue would work, the congressional sponsors and the administration left this job to the experts at the Pension Benefit Guaranty Corporation, a US...
...Americans must plead their case to the Pension Benefit Guaranty Corporation and be grateful for any crumbs doled out. Harvey Clark Greisman Wilmington, DE, US...
...Set up in 1974, the Pension Benefit Guaranty Corporation (PBGC) was designed to protect and insure the pension benefits promised by private companies....
...The perilous state of pension finances in general was underscored in August 2019 by the Pension Benefit Guaranty Corporation, which insures the US retirement systems against insolvency....
...Some protection is offered under the Pension Benefit Guaranty Corporation, established in 1974 as an independent federal agency to rescue insolvent funds....
...Last May private equity group Blackstone joined the fray, joining a consortium that bought Fidelity & Guaranty Life for $1.8bn....
...Mr Kandarian — the former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — said the episode was “especially distressing to me” and “deeply embarrassing...
...The problems at MetLife — which is headed by Steven Kandarian, former head of the Pension Benefit Guaranty Corporation, a federal agency that safeguards retirement schemes — involve pensions risk transfer...
...Assured Guaranty Municipal Corporation, one of Assured’s subsidiaries, could see its capital “modestly affected” by a restructuring, he added....
...Companies also face a higher penalty on their unfunded pension plans from the Pension Benefit Guaranty Corporation....
...Mr Dachille said that AIG’s residential portfolio had been “limited” in large part because it had already been exposed to the housing market through its mortgage insurance business, United Guaranty Corporation...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full, write James...
...The biggest US insurer by market value had been planning to float a 20 per cent stake in United Guaranty Corporation (UGC) before offloading the North Carolina-based mortgage business in full....
...It comprises Flushing Financial, Guaranty Bancorp, Independent Bank, MutualFirst Financial, Seacoast Banking Corporation of Florida, State Bank Financial, and United Financial....
...No deal better highlights the “bust” aspect of Chinese deal talks than Anbang Insurance’s $14bn bid for Starwood Hotels & Resorts in March....
...Receive too many claims and the scheme may run out of money, as seems to be happening to its US equivalent, the Pensions Benefit Guaranty Corporation....
...Is it being driven by strength, or is it a reflection of the waning vigour of heavily indebted corporations in a slowing domestic market?...
...Two bond insurers — Ambac Assurance and Financial Guaranty Insurance Company — have already lambasted the moves, which affect funds set aside for the Puerto Rico Infrastructure Financing Authority, the Highways...
...Some of it is issued by quasi-public corporations such as the power utility and the highway authority; some is backed by tax revenue....
...These include the Bermuda-based insurance companies Maiden Holdings, Assured Guaranty, Axis Capital Holdings, Validus Holdings and Aspen Insurance Holdings....
...PMI Group and Triad Guaranty filed for bankruptcy protection, leaving Genworth, Radian Group, United Guaranty, Mortgage Guaranty Insurance Corporation (MGIC) and Arch as the “legacy” survivors with mortgage...
...The 54-year-old University of Michigan Law School graduate began his career as a litigator at a law firm in Miami, Florida, before moving to the Federal Deposit Insurance Corporation in 1991....
...Chartis, the property-casualty insurer; SunAmerica, the life insurer; United Guaranty Corporation, the mortgage insurer; together with other businesses led by International Lease Finance Corporation, the...
...What we’re more thinking about are the pension funds, insurance companies, and corporations of the world. Reason being that the easiest way to attempt to answer “but what are CDS even good for?”...
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