Government regulators took the extraordinary step over the weekend of making whole uninsured depositors at two failed banks, but savers shouldn’t count on similar treatment if other banks fail in the ...
Tag: insurance
Credit Suisse default insurance cost hits all-time high as contagion fears spread
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all crashed within days of each other, the cost of insuring the bonds of Credit Suisse against the lender de...
Why Deposit Insurance Didn’t Help Silicon Valley Bank
A sign to Silicon Valley Bank is seen through raindrops on a window in Santa Clara, Calif., Friday, … [+] March 10, 2023. The Federal Deposit Insurance Corporation is seizing the assets of Silic...
My Bank Trade? An ‘Insurance Policy’ on BofA I Hope Doesn’t Pay Off
By Friday, Silicon Valley Bank became pretty much a household name, even by the many who’d never previously heard of, or cared, about it. The Silicon Valley Bank, the California bank subsidiary ...
FDIC Forms Deposit Insurance for Troubled Crypto Start-up Lender SVB
The FDIC said depositors would have access to their insured deposits. Silicon Valley Bank has over $209 billion in assets and $175.4 billion in total deposits. Binance CEO mocked US critics as two ban...
GFT US Appoints Chief Revenue Officer as It Scales Regional Ambitions in Banking, Private Equity, Insurance and Manufacturing
New CRO Scott Hofmann Will Accelerate GFT’s Success, Transforming the Infrastructures of Some of the Country’s Largest Enterprises Into New Cloud-Based Opportunities NEW YORK–(BUSINESS WIRE)–Global di...
Medicare and HSAs don’t mix — what near-retirees need to know
Dear Ms. MoneyPeace, I am retiring this year and trying to understand Medicare. At this point I am covered fully by a company plan. I turned 65 last fall and plan to retire in August or September. Wh...
HUB Security Launches a Confidential Computing Cyber Solution for the Insurance Industry
Partners with Zurich-Based Virtual I Technologies Insurtech Player for Introducing the Solution on a Global Basis Mountain View, CA –News Direct– HUB Cyber Security Ltd HUB Cyber Security ...
How to invest in the stock market and never lose money
Fixed index annuities are not the only way you can invest in the stock market and be assured of not losing money over the short term. That’s because there’s a do-it-yourself alternative that avoids th...
‘When we retire, we lose a lot.’ How to avoid retirement shock.
When I found myself unexpectedly packaged off by the bank, I was initially very happy. I was planning to leave anyway because the stress was getting to me. When the bank gave me a severance check at a...
How can I save my long-term care insurance after a premium hike?
I am 78 years old and have been a long-term care policyholder for approximately 20 years. My premiums started around $1,500 per year. The annual rate was scheduled to increase every five years. By the...
4 Ways You Can Use Life Insurance While You’re Alive
4 Ways to Use Life Insurance While You’re Alive Life insurance is often regarded as financial protection for surviving family members after a policyholder’s death. But depending on the type of p...
Berkshire Rail, Insurance Units Earnings Slip on Weak Demand
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. reported weaker results in some of its key businesses, underscoring fears the US economy is facing a bumpy road ahead. But that didn’t dent...
San Francisco 49ers Need Insurance At Quarterback With Brock Purdy’s Uncertain Timeline
SANTA CLARA, CALIFORNIA – JANUARY 22: Brock Purdy #13 of the San Francisco 49ers looks to pass … [+] against the Dallas Cowboys during the first quarter in the NFC Divisional Playoff game ...
Should you buy an annuity for your retirement?
Annuities are a popular retirement income vehicle with many insurance agents, registered representatives and financial advisers. They probably have as many supporters as detractors. Here are some of t...
Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead
‘Absolutely horrible’: Here are the 3 big reasons Dave Ramsey hates whole life insurance — do this with your hard-earned retirement savings instead When it comes to whole life insurance, “...
My fiancé and I are 60. His adult daughter is opposed to our marriage — and insists on inheriting her father’s $3.2 million estate. How should we handle her?
What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for ...
This Is When It Makes Sense to Buy Hybrid Long-Term Care Insurance
What Is Hybrid Long-Term Care Insurance? Life insurance is designed to provide a death benefit for your loved ones if you pass away. Long-term care insurance, meanwhile, can help pay for long-term car...
Want to play the lottery? These are the most speculative stocks of the year, by one measure
It’s 13-F season, which means the world gets to find out most of what the world’s top fund managers have been up, on a tape-delay basis. The likes of Warren Buffett and Carl Icahn it is fair to say ar...
I’ll inherit $40,000 from my grandmother. Should my husband and I boost our kids’ college savings accounts, or pay off credit cards and student loans?
After a terrible battle with dementia, my grandmother died a few weeks ago. She did not leave much, but I will — along with my siblings — receive about $40,000 in life insurance. I am trying to figure...
The hunt for stocks with rising dividends: These fund managers have a strategy to keep your payouts growing
The broad stock-market rally so far in 2023 might make it easy to forget what a rough ride investors faced last year. It was a time when some active strategies focused on dividends, good cash-flow tre...
‘We expect rates to continue to rise.’ Car insurance already costs nearly 14% more than last year. Here’s the best thing to do now to combat that.
How to save money on car insurance Getty Images/iStockphoto Like eggs, postage and dining out, auto insurance costs are on the rise in 2023. According to data from Bankrate’s annual True Cost of Auto ...
KBW recommends buying these 11 financial stocks, including First Republic, following federal backstop for banks
On a Monday following high-profile bank failures on Friday and Sunday, it may seem to be a strange time to recommend buying stocks of banks and other financial services companies, but Keefe, Bruyette ...