NetQuantum :: Regional :: Europe :: Germany :: Business_and_Economy :: Financial_Services :: Insurance ::

• FDIC takes over two more failed banks
Two weeks after the Federal Deposit Insurance Corp seized IndyMac Bancorp Inc., the Office of the Comptroller of the Currency said it closed First National Bank of Nevada and First Heritage Bank NA of California. First National, characterized as ...
• Health insurance coverage getting skimpier
WASHINGTON - Health insurance premiums rose a modest 5 percent this year for coverage that's getting skimpier, researchers say. The 5 percent increase was comparable to last year's uptick. Overall, premiums for family coverage increased to $12,680 ...
• Asia stocks off 5 percent
Shares of Ping An Insurance Co. rose even after it said Monday it will record a $2.3 billion loss on its stake in European bank Fortis in the biggest blow yet to a Chinese institution from the global credit crisis. Ping An’s shares were up 1.6 ...
• Citi: Wells Fargo-Wachovia sale blocked
Citigroup Inc. accused Wells Fargo of trying to cut off its earlier takeover offer of Wachovia's banking operations for $2.1 billion in a deal struck with the assistance of the Federal Deposit Insurance Corp. On Friday, four days after that deal was ...
• Bank failures to rise next year
The biggest question is how many will perish and how they will be put out of their misery — in outright closures by regulators scrambling to preserve the dwindling deposit insurance fund or in fire sales made under government pressure. Enfeebled by ...