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U.S. financial institutions borrowed a record $47.97 billion a day on average from the U.S. Federal Reserve in the latest week in a scramble for cash
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Ambac Financial Group Inc. is exposed to roughly $1.3 billion in guaranteed investment contracts, as well as a variety of smaller obligations, that c
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A.M. Best Co. has placed the debt ratings of “bb” on Series 2008-1, Class A USD150 million principal at-risk variable rate notes of Newton Re Limited
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The Centers for Medicare & Medicaid Services released final regulations restricting sales and marketing practices engaged in by private insurers and
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The severe dislocation in the capital markets, fueled most recently by the bankruptcy filing of Lehman Brothers Holdings Inc. and liquidity concerns
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U.S. House Financial Services chairman Rep. Barney Frank, D-Mass., is among those scheduled to appear at a 10 a.m. EST forum discussion of how home f
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The directors of American International Group Inc. have elected Edward M. Liddy chairman and chief executive officer, the company said.
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