Multi-line Insurance

Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise.  The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...

Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise.  The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...

Bloomberg reports that a lawyer for the former American International Group Inc. (NYSE: AIG) Chief Executive Officer, Maurice “Hank” Greenberg, said that New York Attorney General Andrew Cuomo rejected attempts to settle a lawsuit against Greenberg. David Boies, Chairman of Boies, Schiller &...

Macquarie Group Ltd. has announced its purchase of 53 jetliners. Macquarie will buy these jetliners from American International Group Inc.’s (NYSE: AIG) aircraft leasing subsidiary. The company will pay $1.99 billion for the jetliners. According to MarketWatch, the deal will see the Australia...

Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago.  The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun.  It’s been estimated by Deutche...

Bank of America (NYSE:BAC) has announced they’ve hired a former Morgan Stanley (NYSE:MS) executive, Futoshi Ago.  The new hire will begin work for BofA’s Merrill Lynch division in Japan, in order to boost their prime mortgage business in the Land of the Rising Sun.  It’s been estimated by Deutche...

The Wall Street Journal reports that the bailout of shaky banks and financial markets by the U.S. government has turned out to be less expensive than it was feared. The projected cost of bailouts now looks to be a fraction of what was thought originally. The U.S. Treasury Department says that tab...

Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans.  The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...

Banks JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) may have to put as much as $30 billion additional dollars to cover the costs of losses on home-equity loans.  The amount, calculated by CreditSights Inc out of New York City, is approximately what the banks...

In a word........yes, but not the 'traditional' socialism we've come to know and understand. This brand of socialism is going to be different. Why? In order to understand the new form of American socialism already underway, we've got to know what socialism is truly perceived to be in the first...

According to a report by Bloomberg, it now seems that American International Group Inc.’s (NYSE: AIG) agreements to sell a couple of life divisions for more than $50 billion in the first quarter just might break the two-year period of declining insurance deals. According to a report by the advisory...

It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS).  According to the data released by the Federal Reserve Bank of New York,...

It’s being reported by the Wall St. Journal that 18 banks intentionally lowered their debt levels, including mega-lenders Citigroup (NYSE:C), Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), and Morgan Stanley (NYSE:MS).  According to the data released by the Federal Reserve Bank of New York,...

After starting the day in the red on renewed concerns regarding the unresolved debt crisis in Greece, financial stocks recovered impressively to end in the black yesterday. The Financial Select Sector SPDR Fund (NYSE: XLF), which was down about 1% at the start of the day, closed up 0.8%. Citigroup...

The US Department of Labor released news that its count of those filing jobless benefits increased 18,000, to 460,000 total, last week.  After glowing reports of a recovering economy, these numbers go to show how far recovery still has to go to get a completely healthy economy.  Economists had...