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Insurance

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Bank lending at highest level in three years

U.S. bank credit is growing at the fastest pace in three years, giving the Federal Reserve confidence in the economic expansion’s staying power, Bloomberg reported. Financial institutions increased commercial and industrial loans by an average …
By BPC Staff | Dec 12, 2011
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BERKO: Fed handouts to big banks totaled $16 trillion

Dear Mr. Berko:

My friend, who is a reputable lawyer, recommended First Niagara Financial, which trades at $8.80 and pays a good dividend. I think buying 1,000 shares for a two- or three-year investment would …
By BPC Staff | Dec 9, 2011
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Hockenberg leverages experiences to advise

At 84 years old, there are a lot of things Harlan “Bud” Hockenberg could be doing – including retiring.

But Hockenberg, a longtime business lawyer and former political consultant, is ready to take on a …
By KYLE OPPENHUIZEN | Dec 9, 2011
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DeWaay settles two claims in soured investment deal

DeWaay settles two claims in soured investment deal DeWaay Financial Network LLC has settled two of nine claims brought against it in connection with private placement offerings in an Idaho real estate company that went…
By BPC Staff | Dec 8, 2011
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Principal releases mobile app

Principal releases mobile app  Principal Financial Group Inc. announced a mobile application to complement its Internet-based Dreamcatcher tool. The system is part of a financial education campaign that provides resources such as investment strategies and…
By BPC Staff | Dec 8, 2011
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Wells Fargo settles charges acquired from Wachovia

Wells Fargo settles charges acquired from Wachovia  Wells Fargo & Co. agreed to pay $148 million to settle criminal charges and civil claims for conspiring to overcharge state and local governments on investments, Bloomberg reported.…
By BPC Staff | Dec 8, 2011
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New York investigation brings flood of life insurance payments

New York investigation brings flood of life insurance payments   Life insurers paid $52.6 million in previously unpaid death benefits this week on policies in New York state, after the state’s banking and insurance regulators…
By BPC Staff | Dec 7, 2011
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Accounting firm urges independent standards for private companies

Accounting firm urges independent standards for private companies Clifton Gunderson LLP said it is intensifying its efforts to urge the Financial Accounting Foundation (FAF) to establish an independent board to set standards to U.S. generally…
By BPC Staff | Dec 7, 2011
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Bank of America agrees to $315 million settlement

Bank of America agrees to $315 million settlement Bank of America Corp. agreed yesterday to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill…
By BPC Staff | Dec 6, 2011
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International accounting rules decision delayed

International accounting rules decision delayed A long-awaited decision on whether U.S. companies will switch to international accounting rules was pushed back Monday, as a top regulator said more time is needed, the Wall Street Journal…
By BPC Staff | Dec 6, 2011