American International Group (AIG) is reportedly believed to file a lawsuit against Morgan Stanley over $3.7bn mortgage-backed securities. The announcement was made in the Morgan Stanley's 10-Q filing with the US Securities and Exchange ...
Tags: AIG, Mortgage-Backed Securities
Lloyds Banking Group, a 40% government-owned UK lender, is mulling to divest its German insurance business Heidelberger Leben to Frankfurt-listed insurer Hannover Re, in a transaction valued at approximately €400m ($533m). As part of ...
Tags: Lloyds Banking, Insurance
Insurance holding company Assured Guaranty (AGO) has inked a settlement agreement with Flagstar Bank, for violation of representations and warranties (R&W) in insured residential mortgage-backed securities (RMBS). The insurer will receive ...
Tags: Flagstar Bank, Service, AGO
With vacancy rates modestly falling and rents moderately rising in commercial real estate sectors, market fundamentals have improved, but financing remains a challenge for small business, according to the National Association of Realtors ...
The local sharemarket fell in cautious trade yesterday before US Federal Reserve chairman Ben Bernanke's testimony to US congress and the release overnight of the minutes of this month's Fed board meeting. The benchmark S&P/ASX 200 closed ...
Tags: Sharemarket, Bernanke, US Congress
The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
The Federal Reserve announced overnight that it will continue monthly purchase of USD 40 billion mortgage backed securities buy additional USD 45 billion long term Treasury bonds and keep low interest rate unchanged until at least mid 2015 ...
Tags: aluminum, LME aluminum, LME aluminum inventories, aluminum prices
BS reported that gold inched up on Monday as a drop in the US unemployment rate did little to dampen expectations that the Federal Reserve will maintain easy monetary policy when it meets later this week. Investors are watching ...
Tags: US, unemployment, monetary policy, job market
Taipei,Sept.17,2012(CENS)--Following the implementation of the third round of quantitative easing policy(QE3)in the U.S.,hot money has been flowing into Taiwan,jacking up the exchange rate of the NT dollar.To avoid wild fluctuation of the ...
Tags: CBC, Hot Money, Forex Operation, Control Measures