DOL Fiduciary Rule Causes Pullback on Sale of Annuities, Funds by Insurers
State Farm Insurance says it will not accept liability on the future sale of annuities or mutual funds.
FSOC Defends MetLife Designation as SIFI
MetLife has challenged the basis for the FSOC’s designation of the company as systemically important.
With Shares Up, AIG Executives Remain Optimistic
AIG shares increase on higher-than-expected second-quarter earnings as the company reshapes itself under intense pressure from institutional investors.
Dodd-Frank Authors Rip MetLife Ruling
If sustained, a lower court ruling could “fundamentally undermine” Congressional intent, a legal trade group says.
MetLife SIFI Designation Imminent
In designating MetLife at this time, the FSOC would be ignoring the House Financial Services Committee.
Garrett Brings NY Fed Into FSOC Issues
Rep. Scott Garrett is demanding that the New York Fed share with him any information it provides to the FSOC on nonbank SIFI designations.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
House Seeks 6-Month Halt on SIFI Designations
House Financial Services will vote Thursday on a bill that would bar the FSOC from designating any financial institution as systemically significant for six months.
AIG Suit Debate Sparks Outrage
The director of Consumer Federation of America calls Greenberg’s remaining suit “outrageous.”
Treasury Sells Remaining AIG Shares, Profiting From Bailout
The Treasury Department on Tuesday sold its remaining 16% of AIG common shares for $7.6 billion, putting an end to the government’s 50-month shotgun financial tryst with the global insurer.