Insurance stocks are still in a slump but poised to rebound once interest rates rise. Priced at low valuations, it is a sector with upside.» Read More
Aflac Inc. rose$. 03 or. 1 percent, to $56.55. American International Group rose$. 28 or. 6 percent, to $50.24. MBIA rose$. 04 or. 5 percent, to $8.89.
Aflac Inc. rose$. 18 or. 3 percent, to $57.11. American International Group fell$. 00 or percent, to $50.42. MBIA rose$. 12 or 1.3 percent, to $9.02.
Aflac Inc. rose$. 26 or. 5 percent, to $57.19. American International Group fell$. 05 or. 1 percent, to $50.37. MBIA rose$. 01 or. 1 percent, to $8.91.
Aflac Inc. fell$. 87 or 1.5 percent, to $56.93. American International Group fell $1.59 or 3.1 percent, to $50.42. MBIA fell$. 32 or 3.5 percent, to $8.90.
Aflac Inc. fell$. 63 or 1.1 percent, to $57.17. American International Group fell $1.02 or 2.0 percent, to $50.99. MBIA fell$. 31 or 3.4 percent, to $8.91.
Aflac Inc. fell$. 25 or. 4 percent, to $57.55. American International Group fell$. 54 or 1.0 percent, to $51.47. MBIA fell$. 13 or 1.4 percent, to $9.09.
WASHINGTON, Oct 6- The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have fiercely criticized. Insurer MetLife Inc on Friday said it would fight a plan by the FSOC to designate it as a so-called Systemically Important...
WASHINGTON, Oct 3- Insurer MetLife said on Friday it would fight a plan by the U.S. risk council to designate it as a firm whose demise could risk global finance, a tag that brings far greater regulatory scrutiny. The company had asked the Financial Stability Oversight Council to call a meeting at which it could give written and oral evidence of why it disagreed with...
WASHINGTON, Sept 30- The U.S. Insurers American International Group and Prudential Financial have already received this designation, and regulators are considering applying it to MetLife too.
Some of the names on the move ahead of the open.
MetLife is the third insurer to be tapped for such a designation, which comes with heavy capital requirements and strict supervision by the Federal Reserve, comparable to that of the largest banks. MetLife said it was not ruling out "any of the available remedies" under the 2010 Dodd-Frank law to contest the designation.
MetLife is the third insurer to be tapped for such a designation as "systemically important," which comes with heavy capital requirements and strict supervision by the Federal Reserve comparable to that of the largest banks.
CNBC's Eamon Javers reports the Government Council has declared another financial systemically important.
WASHINGTON, Aug 28- The U.S. systemic risk council will meet on Sept. 4 to discuss naming nonbank financial firms for tougher regulatory oversight, the U.S. Treasury Department said on Thursday.
WASHINGTON, Aug 15- Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis.
Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.
NEW YORK, Aug 1- Trustees involved in JPMorgan Chase& Co's proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank's offer on Friday for the vast majority of the trusts holding the securities.
WASHINGTON, July 31- The top U.S. regulatory panel tasked with policing the safety of the financial system said on Thursday it is launching a review of potential risks in the asset management industry. FSOC said it had agreed in its closed-door meeting not to rescind the designations of two other non-banks, American International Group and GE Capital.
July 30- MetLife Inc reported a lower-than-expected quarterly profit as the largest U.S. life insurer paid out more in claims, sending its shares down nearly 2 percent.
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