The optimism surrounding the euro-zone bail-out of Spain’s banks, announced June 9, did not last long. After just a few hours, yields on Spanish bonds began to rise. The yields reached a point not seen since the euro was introduced, and, if sustained, would push Spain into insolvency. Investors are now unsure if the euro itself will survive. Some say this bail-out will not work because it does little to calm investors’ nervousness about the country, and nothing to support investor confidence in the single currency and Spain’s place within it. Some speculate country-by-country bail-outs are not the solution, but rather systemic reforms including some mutualisation of debts and a move toward a banking union with euro-wide oversight and responsibility for banks.
The United State is not near the top of this list.
The rules might exclude entities with large U.S. insurance underwriting operations.
Organizations in the mix include Sun Life U.S., LifeQuotes.com, Allsup, Cigna and MetLife.
Sponsored by Fidelity Investments
Get insights into the mindset that’s driving today’s advisors to make a move--and help realize their unique business vision.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.