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
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.
| 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...
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...
| By: Douwe Miedema