Wednesday, 16 Jul 2008 | Source: CNBC.com
The SEC issued its emergency ruling against naked short-selling Tuesday to build investor confidence regarding market information, SEC Chairman Christopher Cox told CNBC.
Wednesday, 16 Jul 2008 | Source: Reuters
U.S. securities regulators issued an emergency rule Tuesday to limit certain types of short selling in major financial firms, including Fannie Mae and Freddie Mac.
Monday, 14 Jul 2008 | Source: Reuters
Bill Gross, manager of top bond fund Pimco, said on Sunday the U.S. Treasury and Federal Reserve are engineering a "bailout" for Fannie Mae and Freddie Mac and added that the ailing U.S. mortgage finance giants will likely need to sell preferred stock once approved by government officials.
Tuesday, 1 Jul 2008 | Source: CNBC.com
The market may be headed south, but that doesn't mean your portfolio has to follow suit. To give investors an edge, CNBC asked the market experts for their best stock picks now.
Wednesday, 28 May 2008 | Source: Reuters
Italy's Generali has pulled out of the bidding for Royal Bank of Scotland's insurance arm just hours ahead of a first bid deadline on Wednesday, prompting speculation that interest in the asset is fading.
Friday, 9 May 2008 | Source: CNBC.com
Stocks closed lower Friday, weighed down by another record for oil prices and dismal results from insurance giant AIG.
Friday, 9 May 2008 | Source: CNBC.com
Stocks opened lower, weighed down by AIG after the insurer posted dismal earnings.
Friday, 9 May 2008 | Source: CNBC.com
Stocks opened lower, weighed down by AIG after the insurer posted dismal earnings.
Tuesday, 29 Apr 2008 | Source: Reuters
Europe's biggest insurer Allianz unveiled writedowns from the global financial crisis of 900 million euros ($1.4 billion) in the first quarter and said the turmoil could endanger its medium-term goals.
Monday, 25 Feb 2008 | Source: Reuters
Dresdner Bank, part of the Allianz insurance group, intends to support a rescue package for U.S. bond insurer Ambac Financial Group with a sum in the low double-digit millions of euros, the head of Dresdner's investment banking operations said on Monday.
Thursday, 21 Feb 2008 | Source: Reuters
Allianz moved to shore up the $19 billion structured investment vehicle K2 managed by its Dresdner Bank unit and said it was rolling back its business in complex finance products hit hard by global credit turmoil.
Wednesday, 30 Jan 2008 | Source: Reuters
Standard & Poor's fired a fresh shot across the bows of the battered European banking sector on Wednesday, cutting its outlook on five European banks to negative from stable, suggesting downgrades are more likely.
Monday, 28 Jan 2008 | Source: CNBC.com
It will take at least a year to assess the impact that the fallout of the U.S. subprime crisis has on the European banking sector, but investors can bottom fish for some good opportunities, analysts said on Monday.
Thursday, 24 Jan 2008 | Source: Reuters
Europe's largest insurer Allianz dispelled investor worries of big subprime write-downs
on Friday by revealing it had hit its 2007 profit targets despite the credit turmoil in the fourth quarter.
Tuesday, 8 Jan 2008 | Source: The Associated Press
Two major insurers are launching "green" insurance programs that will let homeowners reconstruct their property with more environmentally friendly building materials.