Insurance

Moody’s Investors Service has downgraded the long-term credit ratings of Bank of America Corp. and Wells Fargo & Co., citing a decreasing probability that the U.S. would support the lenders in an emergency. Citigroup Inc.’s …

American Equity Investors Life Holding Co. was ranked No. 78 and FBL Financial Group Inc. …

Calling health-care spending the “single biggest financial issue facing the nation,” a group of four national health insurers announced plans Tuesday to pool more than 5 billion health care claims into a single database that …

A trade group representing U.S. community banks called today for a moratorium on mergers involving financial firms with more than $100 billion in assets.

The Independent Community Bankers of America (ICBA) made its pitch to …

The Department of Labor, facing intense opposition to a new definition of “fiduciary,” announced on Monday it will go back to the drawing board, with a new proposal not expected until 2012, Business Insurance reported. …

A controversial new government agency has its sights set on a consumer bugaboo: checking overdraft fees, CNNMoney reported.

The acting chief of the Consumer Financial Protection Bureau, Raj Date, said in a speech in Philadelphia …

Veridian Credit Union is sponsoring a retirement workshop and complimentary dinner from 5:30 to 8:30 p.m. Oct. 11 at the FFA Enrichment Center at Des Moines Area Community College in Ankeny. The credit union will …

Bank of America Corp. could use bankruptcy laws to shield it from lawsuits against Countrywide Financial Corp., which it acquired in 2008, Bloomberg reported.

The option of placing Countrywide in bankruptcy is available because Bank …

AT&T Inc. is approaching smaller rivals in an effort to sell spectrum and subscribers as part of an attempt to save its proposed $39 billion takeover of T-Mobile USA Inc., Bloomberg reported.

AT&T has reached …

Texas Gov. Rick Perry told members of the Iowa Credit Union League last week that a lending limit should be lifted as a way to boost small businesses. The member business lending ceiling is 12.25 …