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Bank Insurance Revenues Rose 7.2% In 2008
Total insurance revenue for the nation’s bank holding companies (BHCs), excluding MetLife, increased 7.2 percent last year, rising from $10.15 billion in 2007 to $10.88 billion, according to a study. The report, which was released yesterday by Radnor, Pa.-based Michael White Associates with the american bankers headquartered in Washingtobn, noted that ...
Insurance Headlines

Bond slide hits pensions
Outlook: Stock markets may be rising at last, but they're not doing so quickly enough to bail out employers with expensive final salary pension schemes. BT said this week that its pension def...
BBC

FTSE 100: stock market has best month in more than six years
Biggest FTSE rise since 2003 boosts savings of millions and brings hope that the worst of the recession may be over.
Telegraph

Lamm cites danger of rising health care costs
Much of the health care reform debate has focused on getting more people access to private or government insurance.
Biz Journal

Financial Stocks: Outflows dent Alliance; sector climbs 1%
Shares of Alliance Bernstein drop about 8% after the firm says its second-quarter earnings rose, but clients pulled $24 billion out of the funds during the period.
Market Watch

Market rally fails to lift worst-hit pension funds
The recent rise in share prices has failed to shrink the deficit of private companies' defined benefit pension schemes.
Financial Times

Bond market shaken by review of Bank strategy
The benchmark yields on 10-year gilts are likely to rise higher than their present level of nearly 4 per cent if the government's quantitative easing programme grinds to a halt and the Bank of England stops buying up government debt in the coming weeks.
FT

In Tough Times, Conflicts Rise on Co-op Boards
Start with shaky property values, add rising costs, and suddenly you have a building at odds with itself.
New York Times

Ford Options Attract Bullish Traders
Options investors bet Ford's shares would rise at least 6% in the next four weeks.
The Street

U.S. stocks gain; best monthly Dow rise since `02
SAN FRANCISCO (MarketWatch) -- U.S. stocks eked out mild gains by the close of trading Friday but still posted their best month in years, as company earnings outlooks bolstered investor enthusiasm for...
bignewsnetwork.com

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