As the nation’s largest private student lender among U.S. banks, Wells Fargo today announced its new private student loan modification program (PSLM) to assist customers experiencing financial hardship or distress. Through the program, Wells Fargo private student loan customers experiencing a hardship will have their financial situation reviewed on an individual case-by-case basis to determine […]
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it has completed a new credit risk sharing transaction that further diversifies its counterparty exposure and reduces taxpayer risk by increasing the role of private capital in the mortgage market. The credit insurance risk transfer (CIRT™) deal shifts credit risk on a pool of loans to […]
BofA Merrill Lynch Global Research today released its outlook for the markets in 2015, forecasting that the bull market in global equities will continue next year but returns will slow to single-digit rates. Strong fundamentals and healthy growth in the U.S. economy support a case for investor optimism and opportunism; however, in the lower-return, higher-volatility […]
Singapore, — Moody’s Investors Service says that the credit quality of Moody’s-rated sovereigns, financial institutions and corporates across Asia Pacific will be stable in 2015, owing to a modest recovery in external demand — especially from the US — supportive global monetary conditions, and the region’s fundamental strengths and defenses against external shocks. “Governments, financial […]
The world’s poorest countries are trapped in an economic vicious circle, which pins them in poverty and must be reversed if new development goals are to be met, according to a newly released report from United Nations Conference on Trade and Development (UNCTAD). The Least Developed Countries Report 2014 argues that those nations, known as […]
The 2015 Annual Growth Survey (AGS) published by the European Commission today focuses on putting Europe firmly back on a path of sustainable job creation and economic growth. The arrival of the new Commission, with an ambitious agenda for Jobs, Growth, Fairness and Democratic Change, is the right moment to generate a new momentum. By […]
Real gross domestic product — the value of the production of goods and services in the United States, adjusted for price changes — increased at an annual rate of 3.9 percent in the third quarter of 2014, according to the “second” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP […]
1. Introduction – Turning a page Dear President, dear honourable Members of Parliament, Ladies and Gentlemen, I addressed this house just over a month ago and I promised to present an ambitious Investment Plan before Christmas. One month later and Christmas has come early – I am here to deliver on my promise. And I […]
NEW YORK, – MetLife, Inc. (NYSE: MET) today announced that it had completed the mergers of its subsidiaries MetLife Insurance Company of Connecticut, MetLife Investors USA Insurance Company, MetLife Investors Insurance Company and Exeter Reassurance Company Limited. The merged company has been renamed MetLife Insurance Company USA and is domiciled in Delaware. All necessary regulatory […]
NEWARK, N.J., – Prudential Annuities, the domestic annuity business for Prudential Financial, Inc. (NYSE:PRU), today announced a new asset allocation portfolio available with its Prudential Premier Retirement variable annuities that offer the Highest Daily Lifetime Income v3.0 benefit. The addition of the AST TM Legg Mason Diversified Growth Portfolio brings the total number of asset […]
