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American International Group Inc has so far borrowed $70.3 billion under a U.S. government bailout loan even as regulators keep a close eye on how th
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To the Editor:.
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Insurance companies are now being battered like Wall Street banks were last month, suggesting a similar round of consolidation and recapitalization.
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NEW YORK (Reuters)—Life insurer Prudential Financial Inc. said third-quarter profit would be cut sharply by losses on poorly performing annuity and i
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NEW YORK, (Reuters)—The shares of insurers sank Thursday as concern mounted about further capital needs in the middle of the worst credit crisis sinc
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WASHINGTON (Reuters)—The chairman of the Senate Finance Committee demanded answers Thursday from the Federal Reserve about reported lavish spending b
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NEW YORK (Reuters)—Citigroup said Thursday that it was walking away from talks to divvy up Wachovia Corp.'s assets with Wells Fargo, adding that it w
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