skip to main content
Idioma:

XXX-Rated

Vardi, Nathan

Forbes, 2009-06, Vol.183 (11), p.32

New York: Forbes

Texto completo disponível

Citações Citado por
  • Título:
    XXX-Rated
  • Autor: Vardi, Nathan
  • Assuntos: Investment advisors ; Life insurance companies ; Litigation ; Negligence
  • É parte de: Forbes, 2009-06, Vol.183 (11), p.32
  • Notas: content type line 24
    ObjectType-News-1
    SourceType-Magazines-1
  • Descrição: Reluctant to set aside a lot of cash for future liabilities, life insurers parked them in special-purpose subsidiaries, injecting some of their own cash plus a lot from outside investors willing to buy notes issued by the subs. Financial firms like JPMorgan Chase were contracted to manage the raised capital. And the financial experts invested the subsidiaries' cash in subprime securities. In May Ambac Financial Group, which guaranteed $900 million of the notes in a $2.1 billion deal involving Bermuda reinsurer Scottish Re, sued JPMorgan for $1 billion for gross negligence, claiming JPMorgan's subprime investments were misbegotten.
  • Editor: New York: Forbes
  • Idioma: Inglês
Voltar para lista de resultados
Ir para página anteriorAnterior Resultado  10 AvançarIr para próxima página

  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

Buscando em bases de dados remotas. Favor aguardar.