AFP
Fortis outlines insurance future after $37 bln lossReutersBR) outlined its future as a viable insurance group on Tuesday after plunging to a 28 billion euro ($37 billion) loss in 2008 due to writedowns on the carve-out of its banking activities. The stricken Belgian-Dutch group, pulled apart in a state-led …Ping An Open to Alternatives [...]
Reuters
FDIC Imprimatur Now Costs MoreWall Street JournalBy KATE HAYWOOD It just got more expensive for banks raising money through the Federal Deposit Insurance Corp.'s debt-guarantee program. On Wednesday, the FDIC began applying higher fees to bank debt that it guarantees through its Temporary Liquidity …Bair Says FDIC May Create a Division to Shut Non-Bank Companies [...]
Chatter Shmatter
No Recovery in Sight — Unless We Pass Health ReformHuffington Post, NYThe report claims that half a million people in California have lost their health insurance coverage during the recession: As the economy sheds jobs during the current economic crisis, health coverage for working-age adults is declining precipitously. …Conservative Alliance Outlines 6 Deal-Killers For National [...]
Lincoln National Corp. gained about 10 percent, pulling other life insurance stocks up as well, after saying it would pay off a … Stocks & economy headlines to your news reader: …
That proposal has incited strong opposition from Republicans and the insurance industry who contend it would drive private … The White House headlines to your news reader: …
Geithner makes his case on Sunday news shows Says recovery plan on track and Treasury has $135 billion left for bailouts … Geithner also fended off criticisms off the government’s rescue of failed insurance giant AIG, including the payment of large …