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Search results for "AIG"



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Irish government agrees to sell its Aer Lingus stake to IAG

DUBLIN- Ireland intends to sell its 25 percent stake in the Aer Lingus airline to IAG after receiving guarantees that the parent company of British Airways will increase employment and air links with the United States, the government announced Tuesday. It confirmed promises to keep Aer Lingus as a separate brand, to reserve its valuable landing slots at...
Source: The Associated Press
SEC says Deutsche Bank misvalued derivatives

Deutsche Bank, which was accused of overstating derivatives by the SEC, agreed to pay $55 million, The New York Times reports.
Source: The New York Times | By: Matthew Goldstein
For insurer AIA Group, Asia is a sweet spot

AIA Group remains committed to Asia and has no plans to venture abroad, Group CEO and President Mark Tucker said.
Source: CNBC.com | By: Christine Tan
Inside Seth Klarman's playbook  

Inside hedge fund manager Seth Klarman's investments, with CNBC's Brian Sullivan and Kate Kelly.
Source: CNBC.com
Bernanke slams Warren's new Fed bill

The former Fed chairman decried proposed legislation that would limit the U.S. central bank's lending authority during a crisis.
Source: CNBC.com | By: Jacob Pramuk
U.S. says MetLife too-big-to-fail lawsuit should be dismissed

May 11- The U.S. government on Monday said MetLife Inc's lawsuit fighting its designation as being systemically important to the economy, often referred to as "too big to fail," should be dismissed. MetLife had in January became the first nonbank to challenge a decision by the Financial Stability Oversight Council, a panel led by Treasury Secretary Jacob Lew, that...
Source: Reuters
Insurers step up lobbying to battle U.S. regulators

WASHINGTON, May 8- Insurance firms, already among Washington's biggest donors, are securing powerful allies in Congress as the Federal Reserve draws up nationwide capital rules for the $1 trillion industry after years of delay. Two members of the House of Representatives who received large industry donations for their election campaigns and one senator...
Source: Reuters | By: Douwe Miedema
Banks under fire: Another crisis coming?  

Is another financial crisis possible with Dodd-Frank in place? CNBC contributors Barney Frank and Larry Kudlow discuss the topic.
Source: CNBC.com
UPDATE 1-Life insurer MetLife profit beats estimates on investment gains

May 6- MetLife Inc, the largest U.S. life insurer, reported a better-than-expected quarterly profit due to gains from investments and derivatives. MetLife has long had a substantial derivatives program designed to smooth out risks stemming from changes to interest rates, currency exchange rates and equities. MetLife's total operating revenue fell slightly...
Source: Reuters
Watson enormously valuable future: Buffett  

Warren Buffett, Berkshire Hathaway CEO, shares his thoughts on the future possibilities of IBM's Watson, especially in insurance and healthcare.
Source: CNBC.com