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By Marlene Y. Satter, AdvisorOne |
November 2, 2010
AIG has raised a total of approximately $37 billion with which to repay the federal government after an IPO of AIA of Hong Kong and American Life Insurance Co. to MetLife, according to a report from NU Online News Service on Monday.
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By Kathleen McBride, AdvisorOne |
October 5, 2010
Dudley outlined two steps the Fed could take to help mitigate some of the current economic woes. Did he go too far or just far enough?
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By Danielle Andrus, AdvisorOne |
September 30, 2010
AIG announced Thursday that it had come to an agreement in principle with the U.S. Treasury, the Federal Reserve Bank of New York and the AIG Credit Facility Trust to repay its 2008 bailout.
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By Danielle Andrus, AdvisorOne |
August 23, 2010
AIG announced that it has repaid almost $4 billion to the Federal Reserve Bank of New York. International Lease Finance Corporation, a subsidiary of AIG, sold $4.4 billion in secured and unsecured notes to make the $3.9 billion payment.
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By Janet Levaux, AdvisorOne |
November 1, 2008
In early October, American International Group said it would "refocus the company on its core property and casualty insurance businesses, generate sufficient liquidity to repay...
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By Staff Writer |
April 1, 2008
Bear Stearns was planning to make a splash by offering the world's first actively managed ETF on March 18th, but instead the company got hit...
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By Staff Writer |
March 24, 2008
JPMorgan Chase has changed the terms under which it is acquiring Bear Stearns. The new deal, announced March 24, has JPMorgan Chase buying Bear Stearns in a stock swap worth about $10 per share, and JPMorgan Chase will also buy "5 million newly issued shares of Bear Stearns common stock,...
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By Staff Writer |
March 14, 2008
JPMorgan Chase & Co. announced March 14 that "in conjunction with the Federal Reserve Bank of New York, it has agreed to provide secured funding to Bear Stearns, as necessary, for an initial period of up to 28 days," via the The Fed's Discount Window.
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By Staff Writer |
July 24, 2006
Credit derivatives dealers enjoyed a victory Wednesday as 14 major credit derivatives market participants reported that the backlog of outstanding trade confirmations has been reduced by more than 80% on average since Sept. 30, 2005, besting the group's own previously set target of a 70% reduction.
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By Staff Writer |
May 22, 2006
NEW YORK (HedgeWorld.com)--Major dealers should take a cold, hard look at financing conditions and margin practices for hedge funds, the president of the Federal Reserve Bank of New York warned at a conference Tuesday. Timothy Geithner said most of the growth in credit derivatives has come in auspicious economic conditions...