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
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.
Check out which companies are making headlines after the bell Wednesday: Whole Foods, Yelp, Weight Watchers & more.
July 30- MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains. Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
NEW YORK, July 16- Bank of America Corp agreed to pay the insurer American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities that the bank sold in the run-up to the financial crisis.
NEW YORK, July 16- Bank of America agreed to pay American International Group Inc $650 million to settle long-running legal disputes over defective mortgage-backed securities sold in the run-up to the financial crisis.
NEW YORK, July 1- HSBC Holdings Plc agreed to pay $10 million to settle U.S. government charges that it defrauded taxpayers by submitting inflated bills to process residential foreclosures.
LONDON, June 23- The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on Monday.
During the past 18 months, job-focused reforms have helped make North Carolina the best state to do business, Gov. Pat McCrory explains.
June 10- American International Group Inc said Peter Hancock would succeed Robert Benmosche as chief executive and president, effective Sept. 1. Before joining AIG, he was vice chairman of KeyCorp and a former chief financial officer at JPMorgan Chase& Co.
June 10- American International Group Inc said it named Peter Hancock as its new chief executive, effective Sept. 1. "As AIG enters a time of great change and opportunity, we are confident that Peter Hancock is uniquely qualified to lead the company and its employees to future success," AIG chairman Robert Miller said.
Some of the names on the move ahead of the open.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock, using existing authorizations from its board. Kandarian had said in July that Metlife is not a systemically important financial institution whose failure could pose a threat to United States' financial stability.
June 10- Insurer Metlife Inc said it would buy back up to $1 billion of its common stock. The company said it will use existing authorizations from its board for the share repurchase. Metlife last bought back its shares in 2008. The company has 1.13 billion shares outstanding, valued at $61.52 billion, according to Thomson Reuters data.
Take a look at some of Wednesday's midday movers: Coach, First Solar, Walgreen & more.
*Institute of International Finance meets in London June 4-6. LONDON, June 4- How far banks are along the path to rehabilitation will be thrown into sharp focus this week when politicians, central bankers and bank bosses gather in London- Europe's finance capital and also the site of many of the industry's ills.
NEW YORK, June 2- The rock-bottom yields on offer in the corporate bond market are putting pressure on investment returns for U.S. life insurers and driving them into riskier and less liquid investments such as private equity and infrastructure debt, insurers said.
The "Fast Money" traders share their final trades of the day.
JPMorgan Chase& Co, PepsiCo Inc, Cardinal Health Inc, Deere& Co and The United Services Automobile Association are among the Fortune 500 companies seeking chief information security officers and other security personnel to shore up their cyber defenses, according to people with knowledge of the matter.