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On Tuesday, Fitch Ratings affirmed all the debt and credit ratings of MetLife Inc. (MET) and its operating subsidiaries, reflecting its dominant market position and financial flexibility amid the low rate interest environment. Accordingly, Fitch asserted the issuer default rating (IDR) of “A” for MetLife, while the financial strength ratings (FSR) were maintained at “AA-” […]
The 2007 Federal Open Market Committee (FOMC) transcripts were released last week. Media reports have concentrated on the Fed’s forbearance during the credit meltdown. Implied,…
This is a syndicated repost published with the permission of Money Morning – Only the News You Can Profit From. To view original, click here.…
American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche said Europe’s debt crisis shows governments worldwide must accept that people will have to work…
New York MagazineJPMorgan Chase Risk Management Committee Missing Bank Directors, Financial …Huffington PostJPMorgan has come under fire in the wake of a trading loss that may have already cost the bank $30 billion, if the drop in its stock price is …
JPMorgan's debacle, and its parallels to AIGWashington PostLast week, the once-future Treasury secretary and current JPMorgan Chase CEO Jamie Dimon revealed a $2 billion loss. This previously undisclosed derivative trade should be a wake-up call fo…
April PMI shows steep declineSydney Morning HeraldAAP Australian manufacturing activity contracted noticeably in April after a small dip in March, a private survey shows. The Australian Industry Group/PriceWaterhouseCoopers Australian Performance of Ma…
Improvement in first time unemployment claims is slowing. Actual, not seasonally manipulated data, including an adjustment for the usual weekly upward revision, shows that the…
Everyone makes mistakes. The best thing one can do is face up to the facts and acknowledge the error; fix the problem to the extent possible and do what is necessary to avoid repeating the mistake. Ben Bernanke’s inability to admit his (and his pr…