NEW YORK– American International Group, Inc. (NYSE:AIG) today announced that it has agreed to acquire Ageas Protect Limited from Ageas Group, the Belgium-based international insurer. Total transaction consideration is £181 million (approximately USD $305 million), subject to closing adjustments. The transaction is expected to close in the fourth quarter of 2014, pending regulatory approval. Ageas […]
Bank of America Merrill Lynch, a global leader in payments, recently hosted a webcast on how to successfully navigate the payments landscape in Europe. The event was aimed at U.S.-headquartered businesses planning to expand their operations into the region. Ken Ullmann, head of U.S. Central Region Treasury Sales for Global Commercial Banking, who led the […]
Information received since the Federal Open Market Committee met in June indicates that growth in economic activity rebounded in the second quarter. Labor market conditions improved, with the unemployment rate declining further. However, a range of labor market indicators suggests that there remains significant underutilization of labor resources. Household spending appears to be rising moderately […]
NEW YORK– American International Group, Inc. (NYSE:AIG) today announced that it has reached a global resolution of its residential mortgage related disputes with Bank of America. The resolution includes its claims pending in New York and California federal courts related to the creation, offering, and sale of RMBS from which AIG and its subsidiaries suffered […]
WASHINGTON, D.C., – JPMorgan Chase & Co. today launched Small Business Forward℠, a five-year, $30 million grant program to boost small business support networks that help growing enterprises in specific industries. Small Business Forward connects entrepreneurs with critical resources to help their businesses grow, create jobs and strengthen communities. Small businesses can increase their impact […]
New York – Citigroup today announced that it has reached an agreement to settle the ongoing investigation of the Residential Mortgage-Backed Securities (RMBS) Working Group, part of the Financial Fraud Enforcement Task Force. Today’s agreement resolves actual and potential civil claims by the U.S. Department of Justice (the DOJ), several state attorneys general (State AGs), […]
Global investors have regained a strongly bullish stance on the outlook for equity markets in the second half of 2014, according to the BofA Merrill Lynch Fund Manager Survey for July. A net 61 percent of global asset allocators are now overweight equities. This ranks as the survey’s highest reading on this measure since early […]
As the Special Representatives of President Barack Obama and President Xi Jinping, U.S. Treasury Secretary Jacob J. Lew and Chinese Vice Premier Wang Yang led the sixth meeting of the Economic Track of the U.S.-China Strategic and Economic Dialogue (S&ED) on July 9-10, in Beijing, China. They were joined by a high-level delegation of Cabinet […]
STAMFORD, CT — Synchrony Financial today announced the completion of a strategic investment in LoopPay, Inc., an innovative mobile payments platform company. LoopPay is expected to provide Synchrony Financial with special features and benefits for its cardholders and retail partners. LoopPay recently introduced the LoopPay ChargeCase, which allows consumers to pay with their iPhone 5 […]
NEW YORK, – Despite employee benefit satisfaction reaching a record-high, 50%, in 2013, only 36% of employers are very satisfied with employee participation in voluntary benefits, according to findings released today from MetLife’s 12th Annual U.S. Employee Benefit Trends Study (EBTS). The disconnect between employees’ positive views on benefits and their enrollment actions highlights the […]
