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Fed moves to ease credit market tensions
Investors snapped up parcels of car loans from the auto maker Nissan yesterday, in the first test of the US government's new plan to kick-start the stalled securitisation market. Nissan sold $1.3bn of...
BBC

Blues offering agents incentive - The Detroit News
©2008 Google Blues offering agents incentive The Detroit News, MI Blue Cross Blue Shield of Michigan is offering commissions of up to 20 percent to insurance agents who enroll consumers 'with no major ongoing health conditions' in a new line of individual insurance plans set to launch March 30. ...
HealthcareInsuranceRadar.com

US auto suppliers to get $5bn aid
Car parts suppliers in the United States are to receive $5bn (£3.5bn) in financing from the government.
BBC

OneWest completes acquisition of Indymac Assets
NEW YORK, March 19 (Reuters) - OneWest Bank Group LLC, athrift holding company, on Thursday announced OneWest Bank'scompletion of the acquisition of the banking operations ofIndyMac Federal Bank from the Federal Deposit InsuranceCorporation.
Reuters

New York Fed says received $4.7 bln in TALF loan requests
SAN FRANCISCO (MarketWatch) -- The New York Federal Reserve Bank said late Thursday it had received $4.7 billion in loan requests from investors seeking to access central bank funding to buy asset-backed securities. In the first round of its Term Asset-Backed Securities Loan Facility, or TALF, it received $1.9 billion in loan requests linked to auto-loan securitizations and $2.8 billion in credit-card related loan requests. It did not receive any requests for loans to buy student-loan or small-business securitizations. 'This is a good start for a program that we will continue to build on in the future,' said New York Fed President William Dudley.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

House OKs Tax on Fat Bonuses for AIG, Other Bailed-Out Companies
Denouncing a 'squandering of the people's money,' lawmakers voted Thursday to impose a 90 percent tax on millions of dollars in employee bonuses paid by troubled insurance giant AIG and other bailed-out companies. In some cases the bonuses might be taxed 100 percent, leaving recipients with nothing. It was only this past weekend that the bailed-out insurance giant paid bonuses totaling $165 million to employees, including traders in the Financial Products unit that nearly brought about AIG's collapse.
Law

Geithner defends bonus action
Treasury Secretary Tim Geithner told CNN Thursday that his department, concerned that language about bonuses would not hold up to a court challenge, asked Sen. Chris Dodd to include an executive pay provision in the stimulus bill. The loophole allowed bailed-out insurance giant American International Group to pay out $165 million in bonuses.
CNN

Officials: Auto suppliers to get $5 billion in aid
The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers who are linked to Detroit’s carmakers, officials said today.
Houston Chronicle

AIG Credit Swapper Under Investigation
In simplest terms, reports CBS News correspondent Elizabeth Palmer, Joseph Cassano sold big banks and brokerage firms insurance against their investments dropping in value. Now he, and those deals, are being blamed for AIG's collapse.
CBS News

F.D.I.C. Chief Urges Changes in Financial Oversi
WASHINGTON (AP) The head of the Federal Deposit Insurance Corporation said Thursday that the government’s strategy in the financial crisis of bailing out huge institutions deemed “too big to fail” must be replaced by ...
Insurance Headlines

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