Insurance reporter for Bloomberg News.

MetLife Boosts Property Loans to $12.1 Billion in Yield Hunt

bloomberg.com — (Bloomberg) -- MetLife Inc. extended a record amount of commercial real estate loans last year as the largest U.S. life insurer sought higher-yielding investments. The insurer lent $12.1 billion on commercial properties, 5 percent more than a year earlier, according to a statement Thursday from New York-based MetLife.

Berkowitz to Take Investor Questions After Fannie-Freddie Losses

bloomberg.com — Bruce Berkowitz has scheduled a conference call to address investors' questions after his Fairholme Capital Management posted losses on holdings including Fannie Mae and Freddie Mac. The money manager will hold the hour-long call on Feb. 3, Miami-based Fairholme said Thursday in a statement. Questions can be submitted by e-mail.

Swiss Shock Spurs Firms to Change Rules to Weather Next FX Swing

bloomberg.com — Financial firms stung by last week's surge in the Swiss franc are changing client rules and trading practices to weather future currency swings. FXCM Inc. (FXCM), the New York-based retail broker, said Wednesday it's increasing margin requirements for clients who trade currencies and gold after customers' losses forced it to seek a $300 million lifeline.

FXCM Boosts Margin Rules for Currency, Gold Clients

bloomberg.com — FXCM Inc. (FXCM) is increasing margin requirements for clients who trade currencies and gold after the surge of the Swiss franc caused losses that forced the firm to take a bailout from Leucadia National Corp. (LUK) The new requirements for global clients go into effect today and are "consistent with the firm's most conservative margin requirements currently in place," for U.S.

Life Partners Files for Bankruptcy After $46 Million Judgment

bloomberg.com — Life Partners Holdings Inc. (LPHI), which buys rights to life insurance death benefits and sells them to investors, filed for bankruptcy in U.S. court in Texas. "The company elected to seek protection under Chapter 11 while it pursues an appeal of a $46 million judgment against the company and two of its executive officers," Waco, Texas-based Life Partners said today in a statement distributed by Business Wire.

Ocwen’s Erbey Gets Cash, Benefits for Spouse After Departure

bloomberg.com — William Erbey is getting $1.2 million in cash and medical coverage for his wife after he stepped down from Ocwen Financial Corp. (OCN), one of the largest mortgage servicers, as part of a deal with New York regulators.

CME Boosts Offer for GFI to $5.60 to Fend Off Lutnick’s BGC

bloomberg.com — CME Group Inc., the largest U.S. futures market, boosted its offer for GFI Group Inc. (GFIG) to help fend off a competing proposal from Howard Lutnick's BGC Partners Inc. (BGCP) CME raised its offer to $5.60 a share in cash and stock from $5.25, the company said today in a statement.

Kandarian Says Surviving Lehman Failure Shows MetLife’s Safety

bloomberg.com — MetLife Inc. (MET) Chief Executive Officer Steve Kandarian, who is suing to reverse a U.S. finding that subjects the insurer to greater oversight, said his company's performance in the financial crisis shows its ability to withstand turmoil.

MetLife Challenges Lew in Clash Shunned by AIG, GE: Timeline

bloomberg.com — MetLife Inc. (MET) will fight its designation as systemically important in court, seeking to avoid the stricter oversight that's been ordered for American International Group Inc. (AIG), Prudential Financial Inc. and a General Electric Co. (GE) unit. Below is a timeline of events leading to to the designations. Sept.

MetLife to File First Lawsuit Over Systemic-Risk Label

bloomberg.com — MetLife Inc. (MET) said it will sue in federal court as part of Chief Executive Officer Steve Kandarian's effort to overturn a finding that the insurer is systemically important. A complaint will be filed today in Washington to oppose the U.S. Financial Stability Oversight Council's decision, MetLife said in a statement.
More Articles →
Jan 29, 2015

RT @sonalibasak: @MetLife extended a record amount of commercial real estate loans - $12.1 billion - hunting for yield: bloomberg.com/news/articles/… by @ZTracer

Jan 29, 2015

RT @lcrupp: Rebekka Bay, hailed as Gap's style savior from H&M, got the boot today. bloomberg.com/news/articles/… @business

Jan 29, 2015

RT @erikholmwsj: AIG is offering a new type of insurance that protects companies from troublesome spokespeople on.wsj.com/15WvNbJ

Jan 29, 2015

A skeptical doc in NYT on Obama's precision medicine initiative nytimes.com/2015/01/29/opi…

Learn how to connect with Zachary on social media by joining Muck Rack Pro



Are You a Journalist?

Make a Portfolio

Create a free Muck Rack account to customize your profile and upload a portfolio of your best work.


Share This Profile