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Insurance

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M&F Worldwide


Dear Mr. Berko:

I bought 200 shares of M&F Worldwide in September 2008 at $36, because my broker said it was going to go to $90 and then split 2 for 1. It’s been downhill …

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A Closer Look: John Hollingsworth


Why banking?

When I graduated in 1986, it was at the tail end of a recession, and although my degree was in communications – I went to the Edward R. Murrow School of Communications at …

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United Fire moves closer to completing acquisition

United Fire and Casualty Co. has received the required regulatory approvals from the California Department of Insurance, the New Jersey Department of Banking and Insurance and the Pennsylvania Department of Insurance relating to the Cedar …

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Japan disaster’s impact on insurance unlikely to surpass Katrina

Japan’s massive earthquake, tsunami and nuclear disaster is likely to be the costliest natural catastrophe on record, but the impact on the private insurance industry probably will not surpass that of Hurricane Katrina in 2005, …

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Nearly one in three U.S. banks rated ‘unsatisfactory’

Patrick Parkinson, the Federal Reserve’s chief bank regulator, said today that nearly one out of three U.S. banks have supervisory ratings deemed unsatisfactory.

“Around 30 percent of all banks have less than satisfactory supervisory ratings,” …

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Import costs jump as commodity prices soar

The cost of goods imported into the United States increased more than forecast in February as commodity prices soared, Bloomberg reported.

The 1.4 percent increase in the import-price index exceeded the 0.9 percent median estimate …

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Dow recovers but stock losses hold

Losses mounted on the U.S. stock exchange Tuesday as the Federal Reserve held to a loose monetary policy and concern over Japan’s nuclear power crisis threatened to scare off investors. The Dow Jones industrial average, …

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Workers’ retirement confidence sinks to all-time low

A new national survey co-sponsored by Principal Financial Group Inc. says a record number of Americans have lost confidence in their ability to afford retirement.  

The 2011 Retirement Confidence Survey, released today by the …

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U.S. Bank launches mobile deposits

U.S. Bank on Monday launched mobile banking enhancements that will let customers use mobile devices to deposit checks and monitor credit card activity. The service, which will initially be available to U.S. Bank Mobile Wallet …

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Principal Financial Group exec to present in Boston

Dan Houston, president of retirement, insurance and financial services for Principal Financial Group Inc., will present at the 2011 UBS Asset Gathering Conference in Boston at 10:50 a.m. Iowa time on March 22. The presentation …