American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, as it attempts to repay billions in government aid.
In the deal announced Monday, MetLife will pay $6.8 billion in cash, and the rest in stock and equity units.
The cash portion of the sale [...]
Posts Tagged ‘Federal Reserve’
AIG raising more cash to reimburse taxpayers
March 8th, 2010 by HardMoney Writer
Tags: aig, american international group, business, Federal Reserve, taxpayers
more...Obama won’t fill Fed seats this week
March 2nd, 2010 by HardMoney Writer
President Barack Obama wants to move quickly to fill vacancies on the Federal Reserve Board, but has made no decision yet and will not be announcing appointments this week, White House officials said on Tuesday.
Fed Vice Chairman Donald Kohn announced on Monday he will retire in June. His departure means Obama has three seats to [...]
Tags: barack obama, fed, Federal Reserve, us bank central, white house
Bernanke, retailers hold key for stocks
February 20th, 2010 by HardMoney Writer
Wall Street could keep rallying after notching its best week this year if Federal Reserve Chairman Ben Bernanke gives a reassuring assessment of the recovery and retail earnings show improvement.
Investors are eager to hear more on the thinking behind the Fed’s surprise move to raise its discount rate, especially because the Fed’s loose monetary policy [...]
Tags: ben bernanke, economic recovery, Federal Reserve, financial sector, us unemployment, wall street
Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer
The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
The Federal Reserve’s Silver Lining
November 26th, 2009 by HardMoney Writer
The Central Bank of the United States, the Federal Reserve, is under intense scrutiny for its unprecedented actions following the 2008 financial crisis. Amidst the carnage of the financial crisis and real estate crash, Congress has taken a fresh look at the actions of the Federal Reserve on the economy.
Seeking an Audit
A new bill in [...]
Tags: Central Bank of the United States, diclosure, Federal Reserve, financial crisis, Government Accountability Office, investments banks, investors, real estate