Tag:

Insurance Unit

Latest Headlines

Latest Headlines

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

MBIA CDS drama plays out

At some point, an institution becomes so shaky that it actually becomes a form of leverage with regulators. MBIA is a great case in point. The New York Times notes that in early May, MBIA promised to inject $900 million into its troubled insurance unit, which had underwritten nearly $140 billi