Tag:
Insurance
Latest Headlines
Latest Headlines
Bank of America's gift to bond insurer
Bank of America ( NYSE: BAC ) has suddenly made the outlook for once-troubled bond insurer Assured Guaranty a lot brighter; no wonder it's stock surged in the wake of Bank of America's first quarter earnings report. Bank of America said in a related release that it had inked a settlement over re
Bank of America to be targeted by hackers
While the threat of a massive dump of Bank of America ( NYSE: BAC ) internal documents by WikiLeaks seems to have receded, a new one has cropped up. The hacker collective known as Anonymous claims it has incriminating documents from bank employees that show conclusively that "fraud" was committe
How many more banks will fail?
The solvency of big banks has lapsed into a non-issue, thanks to the massive federal effort that caused so much controversy. But at the small bank level, we're going to see a lot more carnage ( bank failure news).
The number of problem U.S. banks, as defined by the Federal Deposit Insurance
Is Ken Lewis likely to suffer personally?
If Andrew Cuomo prevails in his civil suit against Ken Lewis, would he be out any personal money? That's a tough call. Lewis certainly enjoys many layers of protection against having to shell out personal funds, notes Portfolio.com . Bank of America ( BAC ) likely has cash set aside to pay fo
Pay policies, bank risk and FDIC insurance
If executive compensation policies are truly a risk factor for financial institutions, then it makes sense that such policies should be considered by the FDIC when it assesses fees to be paid to its insurance fund. If risk policies are going to make it more likely that a bank will need to tap the
Pain ahead for small banks
It's been a mixed bag for small banks recently. Overall, they seem to be a healthier group than their large bank peers. As Breakingviews points out, they have more capital, make more on their assets and have fewer problem loans than big banks.
But the majority of the failed banks this year
More on Citi's move to take Primerica public
We all know that Citi ( C ) is under a lot of pressure to sell assets, as is Bank of America ( BAC ). So some might have greeted the news that Citi is planning an initial public offering for its Primerica unit as good news. But Barron's adds some interesting color to the development. Clear
Goldman Sachs' New Jersey rate swap problem
Goldman Sachs ( GS ) has managed to embroil itself in yet another political controversy. This one involves some interest rate swaps the state of New Jersey purchased in 2003 to hedge against rising interest rates, according to Bloomberg .
The state's transportation trust fund authority so
Goldman Sachs' take on commercial exposure
There are some cynics out there who might conclude that Goldman Sachs' ( GS ) bearish take on regional banks and insurance, with lots of commercial exposure, suggests that the company's traders might be short on these stocks. Whether that's true or not is anyone's guess, though the analysts who
Goldman Sachs' hedges to pay off?
Goldman Sachs ( GS ) will either be scorned or praised for how it has handled the CIT case. It purchased insurance in the form of credit default swaps on CIT. In addition, it owns a make-whole agreement that was part of the $3 billion rescue package it put together for CIT in 2008, reports the
