76395 results returned for search: "" category "Business"
LONDON (Bloomberg) - Bank of England Governor Mervyn King won new authority to manage crises and promotions for two of his proteges in the biggest shake-up of Britain's financial policy making in a decade.
Mr. King named Spencer Dale, a career centra...
DATE: Jun 20, 2008
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NEW YORK (Reuters) - Citigroup Inc. could take substantial write-downs for sub-prime mortgages, leveraged buyout loans and other assets in the second quarter, the company's chief financial officer said on a call with investors yesterday.
In at least ...
DATE: Jun 20, 2008
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NEW YORK (Bloomberg) - Ambac Financial Group Inc. will terminate its contract with Fitch Ratings, becoming the fourth bond insurer to reject the ratings company after it sliced their rankings.
The second-largest bond insurer is reevaluating its ratin...
DATE: Jun 20, 2008
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Two new listings were made on the Bermuda Stock Exchange Index (BSX) yesterday.
The Listing Committee of the BSX announced the approval of the 25,000 ordinary shares and 25,000 Class A shares each with a nominal value of AUD$2 of Myall River Downs Pt...
DATE: Jun 20, 2008
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NEW YORK (Bloomberg) - Bill Ackman was right: the world's largest bond insurers are not worthy of a AAA credit rating and may be headed for the bottom of the scale.
Mr. Ackman, the 42-year-old hedge fund manager who says he stands to make hundreds of...
DATE: Jun 20, 2008
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MUNICH (Bloomberg) - Hannover Re, Germany's second-biggest reinsurer, completed the sale of $133 million of bonds to help protect against US catastrophes.
The one-year bonds "consist exclusively of US catastrophe business, predominantly hurricane ris...
DATE: Jun 20, 2008
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Bermuda's large pool of captive insurance companies have seen "minimal impact" from the sub-prime mortgage crisis, writes Jonathan Kent. That is the view expressed by Yvette Pierre, principal of research and risk assessment policy at the Bermuda Mone...
DATE: Jun 20, 2008
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NEW YORK (AP) - Two former Bear Stearns managers were arrested yesterday on charges linked to the collapse of a hedge fund that bet heavily on sub-prime mortgages before the market collapsed, federal authorities said.
Matthew Tannin was taken into cu...
DATE: Jun 20, 2008
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NEW YORK (Reuters) - Robert Willumstad, chief executive at American International Group Inc , said he had a "positive" first meeting with former CEO Maurice (Hank) Greenberg yesterday.
The two met in New York four days after Willumstad, AIG chairman ...
DATE: Jun 20, 2008
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The US Consul General yesterday warned that Bermuda can at times make the expatriates who bolster the intelllectual capital of the Island's international business sector feel unwelcome.
Speaking at the Chamber of Commerce's "Power Breakfast" yesterda...
DATE: Jun 20, 2008
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