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Netherlands: ABN-Fortis won't be sold before 2011
Houston Chronicle | 2 hours 18 minutes ago
AMSTERDAM, Netherlands — The Dutch government named former finance minister Gerrit Zalm as chief executive of the recently nationalized ABN Amro and Fortis banks on Friday, and said the combination will not be privatized before 2011.... (more)
Netherlands: ABN-Fortis won't be sold before 2011 - Sacramento Business, Housing Market News | Sacramento Bee
Sacramento Bee (Calif.), The | 2 hours 56 minutes ago
AMSTERDAM, Netherlands -- The Dutch government named former finance minister Gerrit Zalm as chief executive of the recently nationalized ABN Amro and Fortis banks on Friday, and said the combination will not be privatized before 2011.... (more)
S&P 500 Winners & Losers: September And Third Quarter
Forbes | 1 day 12 hours 51 minutes ago
In a month that reshaped the American financial system, the Standard & Poor's 500 index finished September down 9%. It was a brutally volatile ride. The S&P 500 gained or lost three percentage points or more on nine of the month's 21 trading days. The frenzy reached its climax on Sept. 29 when the blue-chip index lost 9%, its biggest one-day percentage point decline since Oct. 19, 1987, when the market lost over 20% on Black Monday.... (more)
Lawmakers badger Paulson over bailout usage; Charged with ignoring plans to halt foreclosures
InsuranceNewsNet | 1 day 21 hours 41 minutes ago
Insurance News Net Site Map... (more)
Paulson, Bernanke Defend $700 Billion Bailout
InsuranceNewsNet | 1 day 21 hours 41 minutes ago
Insurance News Net Site Map... (more)
UPDATE: Hartford Fincl Hits Record Low On Annuity, CMBS Woes
Wall Street Journal, The | 1 day 23 hours 40 minutes ago
(Adds comments from UBS analyst, updates stock prices.) Shares of Hartford Financial Services Inc. (HIG) hit an all-time low Wednesday, and Lincoln National Corp. (LNC) sunk to levels not seen since July 1984 on continued worries about the insurers' variable-annuity businesses as well as fresh concerns about their exposures to commercial mortgage-backed securities. ... (more)
FDIC to open temporary office in Irvine
Los Angeles Times | 2 days 11 hours 35 minutes ago
The Federal Deposit Insurance Corp. has leased 200,000 square feet of space in Irvine for a temporary office that will manage receiverships and liquidate assets from failed financial institutions in the western United States.... (more)
FDIC chief Sheila Bair could have role on Obama team
Los Angeles Times | 2 days 18 hours 14 minutes ago
Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., is one of the few government officials whose reputation has actually improved during the financial crisis.... (more)
Dutch firm sees Suburban as way to bailout
Sun (Baltimore), The | 2 days 20 hours 48 minutes ago
Dutch insurer Aegon NV is exploring a bid to buy the troubled Suburban Federal Savings Bank in Crofton as a way of becoming eligible for money from the federal bank bailout plan.... (more)
Bernanke's testimony to House Financial Services panel
Reuters | 3 days 2 hours 42 minutes ago
WASHINGTON (Reuters) - Below is the text of Federal Reserve Chairman Ben Bernanke's testimony to the House Financial Services Committee on the financial bailout package."Chairman Frank, Ranking Member Bachus, and other members of the Committee, I appreciate having this opportunity to review some of the activities to date of the Treasury's Troubled Asset Relief Program, or TARP, and to discuss recent steps taken by the Federal Reserve and other agencies to support the normalization of credit m...... (more)
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