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Lincoln, Aegon May Buy S&Ls With `Unsafe' Practices to Get Aid - BloombergNov. 17 (Bloomberg) -- Four of the world's biggest insurers may acquire small banks that regulators have cited for improper practices to improve their own chances of getting cash from the $700 billion U.S. government bailout fund. Lincoln National ...
Aegon Hopes To Tap Into TARP - ForbesAegon , the recently bailed out Dutch insurer, has latched onto a hot new trend among the insurance sector: buying itself into the government's bailout plan. It's also paving the way for other non-U.S. insurers with a sizable American presence to ...
U.S. Stocks Slide to Five-Year Lows as Banks, Carmakers Tumble - BloombergNov. 19 (Bloomberg) -- U.S. stocks sank and benchmark indexes slid to their lowest levels since 2003 on growing concern over the health of the financial system and survival of the nation's car industry. Citigroup Inc. tumbled 23 percent to $6.40, a ...
Meltdown 101: Doling out Wall Street bonuses - Lincoln Daily News[ November 18, 2008 ] N EW YORK (AP) -- Wall Street has long operated by one simple pay rule: To the victor go the spoils. If a firm does well, its people do well, getting splashy annual bonuses sometime in December or January. Checks go to everyone ...
UPDATE:Life Insurers Take Brunt Of Commercial Mortgage Worry - CNN MoneyCHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ...
Life Insurers Take Brunt of Commercial Mortgage Worries - CNN MoneyCHICAGO -(Dow Jones)- Should commercial real-estate turn out to be next focus of the financial crisis, life insurers will be among the companies feeling the most heat. Life insurers on average have the equivalent of about 41% of their equity invested ...
Life Insurers Seek Money in the Banks - Insurance News NetCopyright 2008 TheStreet.com, Inc.All Rights Reserved TheStreet . com November 18, 2008 Tuesday 17:51 PM EST SECTION: NEWS & ANALYSIS; On the Brink LENGTH: 991 words HEADLINE: Life Insurers Seek Money in the Banks BYLINE: Philip van Doorn, TheStreet ...
Commercial loan losses hurting insurers - KIDKWASHINGTON (AP) - A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes. Industry players say the insurers' predicament is being worsened by a ...
Obama promises anti-default deal - Politico.comPresident-elect Barack Obama tells “60 Minutes” that one of his top priorities will be a program to help homeowners renegotiate mortgages to avoid default. Obama made the remarks in his first post-election interview, a sit-down with Steve Kroft ...
November 2008 - Reuters BlogsInvestors have snapped record amounts of secondary shares issues by financial companies needing to finance their latest takeover, or merely re-capitalize after huge mortgage-related losses, despite stocks bouncing around like yo-yos. Last week’s ...
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