April 16- Bond insurer Financial Guarantee Insurance Co said it had reached an agreement with Bank of America Corp to settle litigation related to nine second-lien residential mortgage-backed securitizations FGIC had insured.» Read More
Troubled insurer American International Group posted its largest-ever quarterly loss on Monday, hurt once more by write-downs on assets linked to subprime mortgages and capital losses.
The following is a statement on AIG released by the Federal Reserve on Monday:
Speculation is swirling that Eric Dinallo is on the short list to become the next SEC Chairman. We talked with him about that on Fast Money.
American International Group reduced the amount it owes the U.S. government by another $2.3 billion as the insurer continues to use the Federal Reserve's new commercial-paper-funding program.
American International Group shares rose Friday on a report that the company is working with federal officials to change the terms of its $85 billion loan.
While on the elliptical at the gym the other night I was watching one network newscast and the person on the machine next to me was watching another one.
There's no shame in the job-loss game, especially if you know how to pick yourself back up.
How to find and keep the health insurance that will protect your future.
President-elect Barack Obama has proposed an ambitious plan to reform U.S. health care and get insurance for at least some of the 46 million Americans who now lack it.
Swiss Re, the world's second-biggest reinsurer, reported a surprise third-quarter net loss of 304 million Swiss francs ($263.2 million), hurt by investment losses.
The American International Group is rapidly running through $123 billion in emergency lending provided by the Federal Reserve, raising questions about how a company claiming to be solvent in September could have developed such a big hole by October, the New York Times reports.
That means, if you own the stock, it's time to cash out.
In general, traders and analysts agree that: 1) these insurers have very little short-term debt; 2) do not use much financial leverage; 3) they receive new dollars every day that need to be invested.
The head of the FDIC on Tuesday asked for an increase in premiums that will double the average paid by U.S. banks and thrifts next year to replenish the deposit insurance fund.
Pretty much all of biopharma is caught in the downdraft of the markets today with the notable exception of Dendreon (data) and ImClone Systems (a deal).
Amid the market melee, you may be starting to question the investment strategy behind your battered portfolio, but before you attempt any knee-jerk moves to mitigate risk, consider the impact an uber conservative investment stance might have on your ability to feather your nest egg.
As the Wall Street crisis unfolds, insurance policy holders might be asking themselves if the premiums they are paying for their coverage are going to do what are supposed to do: protect them from risk.
Okay, what were the chances that ImClone would get bought and Dendreon would come out with its interim test results on the same morning? Slim to none, I'd say. But that's exactly what the news gods had in store for two of the hottest names in biotech.
Turns out Wachovia's CEO was more hero than villian. It's just that Cramer didn't know until the Wells Fargo deal was announced.
Carmen and our team of experts answer your questions about bank failures, insurance and much more.
Get the best of CNBC in your inbox