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By Arthur D. Postal |
May 25, 2012
The Federal Reserve Bank of New York was successful again Thursday in selling to the market more of AIG's most speculative assets.
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By Elizabeth Festa |
May 23, 2012
The FSOC met this week and had a lot on its plate: Volcker Rule and financial stability in light of JPMorgan's losses, and the approval of new procedures that nonbanks and FMUs can follow to protest a SIFI designation.
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By Elizabeth Festa |
May 17, 2012
Lawmakers, industry and government officials pushed for supervisory harmony and a fuller role by the Federal Insurance Office to bring about better international competitiveness for the U.S. insurance industry in a hearing May 17 before a House Financial Services Committee panel.
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By Elizabeth Festa |
May 16, 2012
MetLife does not know if the FSOC will feel compelled to name MetLife and a few other large insurers as SIFIs, and officials won't say, but lawmakers and MetLife wonder about the wisdom and the possible harmful effects of applying bank-centric regulations to an insurance company.
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By Eric Thomes |
May 15, 2012
Sure, the stock market is in recovery mode, but that doesn’t mean advisors should forget about the guaranteed protection annuities offer to their clients.
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By Bernard Condon |
May 14, 2012
Federal Reserve Chairman Ben Bernanke said Thursday that many businesses and consumers are finding it easier to borrow as banks shore up their balance sheets.
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By Elizabeth Festa |
May 14, 2012
The Volcker Rule may be a subject not only for banks, in light of JPMorgan trading losses, but also for insurance representatives before the House subcommittee.
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By Staff Writer |
May 14, 2012
The goal to restore the divide between commercial banking and investment banking by the former chairman of the Federal Reserve.
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By Marcy Gordon |
May 11, 2012
The next time a big bank or financial firm fails, regulators hope to avoid a major blow to the economy by seizing the firm's parent company while allowing its healthy subsidiaries to continue operations, the head of the Federal Deposit Insurance Corp. says.
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By Elizabeth Festa |
May 10, 2012
SIFI and G-SIFI designations will change how companies are perceived by policyholders, shareholders, management, changing behavior, investment, patronage, regulators and companies say
