too big to fail News
Too-Big-to-Fail Rule Under Attack From House Republicans
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a ...
GE’s Slimmed Down Financing Arm Sheds ‘Too Big To Fail’ Designation
General Electric Co.'s slimmed down financing arm shed its "too big to fail" designation on Wednesday, no longer deemed by the U.S. government "systemically important" and so liable to wreck the ...
Proposed Capital Rules Would Reflect AIG, Prudential’s Insurance Identities
American International Group Inc. and Prudential Financial Inc.'s new capital rules should reflect the insurance business's differences from Wall Street banking, the Federal Reserve said in a ...
AIG CEO Hancock Sees MetLife ‘Too Big to Fail’ Ruling as Opportunity
A judge's ruling that MetLife Inc is not "too big to fail" opens up an opportunity for insurer American International Group Inc to seek an exemption from the tag, AIG Chief Executive Peter Hancock ...
MetLife Beats Back U.S. Government’s Too-Big-to-Fail Label
MetLife Inc. beat back a U.S. attempt to label it too big to fail, which would've put America's biggest life insurer under tougher government scrutiny and forced it to put more money in reserves. A ...
MetLife Battle Against Too-Big-to-Fail Label Has Implications for AIG
A U.S. lawyer defending the government's decision to designate MetLife Inc. a potential threat to the economy was questioned sharply by a federal judge who was asked by the company to remove the ...
AIG CEO Hancock Unveils Plan to Divest Assets, Return $25B to Shareholders
American International Group Inc. plans to return $25 billion to shareholders over the next two years as Chief Executive Officer Peter Hancock divests assets and seeks to boost returns to protect his ...
AIG-Style Bailouts Restricted Under New Fed Rules
The Federal Reserve took the final step to ensure it can't repeat the extraordinary steps taken to rescue American International Group Inc. and Bear Stearns Cos. in 2008, adopting formal restrictions ...