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.
Judge Says Greenberg Accusations Against Fed ‘Worthy of an Oliver Stone Movie’
A federal district court judge in New York on Monday dismissed a lawsuit brought by former AIG chief Maurice “Hank” Greenberg against the Federal Reserve Board regarding the Fed's rescue of AIG in 2008.
Moody's Says Sandy Likely to Drive Further Rate Increases
Moody’s reports that one positive result of Hurricane Sandy for insurance companies is that the event will likely help support price increases going into 2013.
AIG Stock Sale Could Trigger Federal Regulation
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government.