Fed hopes Operation Twist will help economy dancePosted by RJ and Makay on Sep 22, 2011 |
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The Federal Reserve announced Wednesday that it will put downward pressure on long-term interest rates by selling $400 billion of short-term U.S. Treasury securities and using the proceeds to purchase a like amount of longer-term Treasury securities. The goal of the program, known as Operation Twist, is to bend the yield curve to maintain low interest rates.
Life insurers’ margins are pressured: Fitch RatingsPosted by RJ and Makay on Sep 13, 2011 |
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U.S. life insurers’ average annualized 2011 operating returns, excluding all realized gains and losses, came in at 1.29% at the end of the first half of 2011, according to Fitch Ratings. This compares to a gain of 1.31% for the full year 2010. The results are in line with 2009 returns, though well below 2008 and prior years’ returns in the 1.50% to 1.80% range.
Bank of America agrees to $8.5 billion mortgage securities settlementPosted by RJ and Makay on Jun 30, 2011 |
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Bank of America (BAC) announced Wednesday an agreement to pay $8.5 billion to settle claims by large investors who lost money on mortgage-backed securities purchased before the 2008 housing collapse. It would be the largest settlement to date by any financial services firm tied to the subprime mortgage boom and subsequent bust.
The Talmud
