American Banks Overseas

Two Questions: Bank Closures Winding Down' FDIC WaMu Lawsuit Settled'

From The D & O Diary, 2 month ago, Read 0 times. Similar articles

Whether the process is just winding down for the year or the process is actually winding down for good, the bank closure rate has recently fallen off dramatically. The FDIC has not taken over any banks for three weeks straight, with no bank closure at all so far during the month of December. And there were only five bank closures in November, after eleven in October. ? With 90 bank failures so far in 2011, the total number of failed banks since January 1, 2008 stands at 412. The monthly... Read more

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How to catch Risk'

From Actuary-Info, 3 month ago, Read 0 times. Similar articles

Desperate attempts to catch Risk in new regulatory standards like Basel (II/III) for banks and Solvency (II) for insurers seem a dead end street....What is happening'That's the question we're about to answer in this blog!Here are some observations:Risk WeightingAll new risk valuating standards are based on Risk Weighting. Some assets (or liabilities) are assumed to be more risky than others. In practice, every asset class that has been identified as more or less 'safe', has turned out to be... Read more

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Is An Annuity A Good Or Bad Investment'

From Hyers and Associates, Inc. Insur, 3 month ago, Read 0 times. Similar articles

Compared to what' Is an annuity a good investment if you had invested the majority of your dollars with Bernie Madoff or Alan Stanford' How about if you invested in Countrywide, General Motors, Lehman Brothers, Enron, WorldCom Inc, Citi Group, Fannie Mae or Feddie Mac' Or maybe you were unlucky enough to have saved over and above what was insured at banks like Washington Mutual, IndyMac or Colonial Bank among many other large and small banks that have recently failed. Hindsight is... Read more

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Mortgage Your House: Tips on Settling Your Home Mortgage Loans

From InsuranceStop.org, 3 month ago, Read 0 times. Similar articles

Nowadays, getting a home-mortgage can be more complicated than the earlier years. With the recent downfall of the economic industry, banks and other financial loan services are practicing more cautiousness in accepting home mortgage applications. However, securing a home mortgage loan and finally getting your own house is still very much possible and is actually easier when you have a good mortgage-calculator. I’m scripting this document about mortgage your house to ensure that you... Read more

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On Line DIY European Stress Test

From Actuary-Info, 4 month ago, Read 0 times. Similar articles

Thomson Reuters' Breakingviews now presents an on line DIY stress test. Change the Tier 1 ratio and haircuts of the PIIGS countries and find out the capital shortfall of Europe and the shortfal of individual European banks.An explanation can be found here and there is also an Excel spreadsheet.Enjoy stress testing! Read more

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Aviva appoints relationships director

From Insurance Daily , 4 month ago, Read 0 times. Similar articles

Aviva has appointed Martin Banks to the newly-created role of global relationships director, with immediate effect. Mr Banks is based in London and reports directly to UK strategic partnerships director, Ant Middle. He is responsible for strengthening relationships with key strategic partners, with the brief covering both partners that distribute Aviva’s products and firms that provide services to the group and its various businesses. According to the insurer, the appointment should help... Read more

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Making Home Affordable Program: What's the Better Deal'

From InsuranceStop.org, 4 month ago, Read 0 times. Similar articles

Obama’s Making Home Affordable Program has used loan modification as the key tool to save mortgaged houses. The earlier government also tried to do this but they failed. The reason explained by the President is that then the prices did not actually go down. The pressure on the home owner was more or less the same. The 2009 Stimulus Plan guides the banks and the mortgage companies that they must modify the deals for a long term with a lower rate of interest. This would make the home... Read more

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Nationwide extends travel insurance age limit

From Insurance Daily , 4 month ago, Read 0 times. Similar articles

Nationwide is claiming a UK first as it adds free travel insurance for those aged up to 75 to its free current account. Previously, the upper age limit was 65 for new customers but from 21st September, the Society is extending the upper age limit on its FlexAccount travel package, where the account is used as a main current account. According to the society, banks that offer travel insurance as part of their packaged accounts charge monthly fees of between £10 and £20, while buying similar... Read more

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In the Eye of the Storm: Defending Bank Officers and Directors in FDIC Litigation

From The D & O Diary, 5 month ago, Read 0 times. Similar articles

I am pleased to present below a guest post from Mary C. GIll, Robert R. Long and Todd F. Chatham of the Officers & Directors of Distressed Financial Institutions team at the Alston & Bird law firm, in which they discuss the critical issues surrounding the defense of former directors and officers of failed banks who find themselves the target of an FDIC lawsuit. My thanks to Mary, Robert and Todd for their willingness to publish their article here. This article will... Read more

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North Carolina ? The Outer Banks and Mandatory Evacuations

From Quote Wright Travel Insurance Ne, 5 month ago, Read 0 times. Similar articles

One of the top news stories this morning is the mandatory evacuation that has been ordered of North Carolina's Outer Banks because of the hurricane that is boiling away in the Atlantic. Is it covered by travel insurance' Yes, some policies will cover the mandatory evacuations. We have some interesting articles on that subject. However, [...] Read more

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