Archive for August, 2009
Gaining market share in Life Insurance
The New York Life Insurance Company, 9th till last year, jumped to No. 2 in market share behind Metlife with a near 6% market share in Life taking a leaf out of the book of the World’s best. AIG dropped just 4 places in the whole melee of the stimulus and this continuing depression. New [...]
Read Full Post | Make a Comment ( 2 so far )AIG’s Taiwan Life Unit
zyakaira notes: The Taiwan Life unit: The recent laundry list of asset sales planned by AIG see here continues to find conflict of interest in almost each of its deals, as AIG remains the buck stopper of the entire industry’s claims good or bad..
Bloomberg reports that Morgan Stanley’s (NYSE:MS) private equity fund pulled out [...]
AIG sells fast to make $80b
AIG is in quite a turn having to sell most of its profitable Asian and other International Insurance and Investment Management Businesses ( also see here)
While it announced the division of its businesses into AIA + Alico in Life in Asia, Chartis for Property & Casualty and the Domestic US insurer, it has not gone [...]
AIG results update
AIG will soon be a domestic insurer if the planned three way split comes through to let the company return Federal funds as it has already spun off its International insurer AIA. In related news, all top four investment bankers are involved in this break up and sale of AIG. The current scrip (closing at [...]
Read Full Post | Make a Comment ( 1 so far )Citi divests non performing arms
Citigroup plans to sell 20 businesses in consumer finance area, many of them located in Europe, its CEO Vikram Pandit said in an interview with Singapore’s Business Times.
He said the move was due to the shift in the consumer finance market where “there is less funding availability and they are probably less robust as businesses.” [...]
Should You Invest In Mortgage-Backed Securities? – WSJ.com
ZYAKAIRA(AMIT MITTAL) NOTES:
YES YOU SHOULD. The Distressed prices can recover quickly once there is liquidity in the market, as it has already done for those that were TARPed with the real cash. Also the debt market is in the best place for a rebound right now and it’s easy money for you, no Madoff
NO, [...]
Tarnished Citigroup Looks Like It Could Shine Again – WSJ.com
Citigroup has been garnering investor interest amid optimism on Wall Street that the worst is over for the beleaguered banking company.
Citi shares have been pounded in the past two years, falling to around $3 from $55 because of heavy losses and a huge increase in its shares outstanding as a result of a $58 billion [...]
