The U.S. Federal Reserve refused to identify trading partners benefiting from a $180-billion taxpayer bailout of American International Group as one lawmaker said Europe’s financial stability was at stake in the rescue of the insurer. The identity of those being …
American International Group’s involvement with the Islamic insurance market at the same time it is taking government bailout funds has provoked the ire of a Christian rights group in the U.S. The Michigan-based Thomas More Law Center filed suit against …
Insurance companies that applied for capital injections from the government’s $700 billion financial bailout fund could get approval as soon as Monday, two sources familiar with the matter said Saturday. Some insurance companies recently received approval to acquire banks, paving …
A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department’s use of a $700 billion financial bailout fund and priorities of president-elect Obama’s administration, the House Financial Services Committee said Monday. A reason for the postponement was not …
A Michigan man is challenging the government’s bailout of American International Group Inc., claiming the move is illegal because the insurer has financial products that promote Islam and are anti-Christian. The lawsuit was filed on Monday, Dec. 15 in federal …
A Michigan–based Christian rights group has filed suit against the federal government claiming the government’s loan to insurance giant American International Group (AIG) is illegal because AIG has financial products that the group claims promote Islam and are anti-Christian. The …
Life insurance companies, nervous over massive investment losses that could ultimately threaten their viability, are hoping they are next in line to get a piece of the U.S. financial bailout. They argue federal funds could stabilize their trillions in investments …
Kentucky’s HopFed Bancorp, Inc., holding company for Heritage Bank and Fall & Fall Insurance, reports it has been preliminarily approved to participate in the U.S. Department of Treasury Capital Purchase Program (TARP). The company has 30 days to make a …
Mississippi-based BancorpSouth Inc. has announced it will not apply for federal bailout funds. Aubrey Patterson, chairman and chief executive officer of BancorpSouth, said that it was in the best interest of shareholders to continue with a conservative capital management plan …
Four insurance companies on Friday asked the government to allow them to buy thrifts so they can qualify to receive federal money under the financial rescue program. Hartford Financial Services Group Inc., Genworth Financial Inc., Lincoln National Corp. and Aegon …
