Insurance, Risk Management News

By Mark Gongloff

Q: What’s the difference between AAA and AA+? That doesn’t sound so bad.

A: It’s not so bad — and there’s not much difference. Technically, AA+ is considered “high grade” credit, while AAA is “prime.” The likelihood of getting paid back by a AA+ credit is c ...

BY BEN PROTESS

Stock brokers are on notice to watch what they “tweet.”

Wall Street’s self regulatory organization, the Financial Regulatory Authority, has suspended a California-based broker for sending a series of “misrepresentative and unbalanced” messages on the microblogging site ...

BY BEN PROTESS

At a meeting in February to discuss the recent overhaul of financial regulations, lobbyists and policy makers never once mentioned Wall Street. They did not talk about derivatives, mortgage-backed securities or any of the exotic products at the center of the crisis.

Instead, Mar ...

By Maureen Nevin Duffy

Americans expect to replace their salaries with retirement income. They just can't figure out how much they'll need or how they'll ensure the money lasts through retirement, according to 1,014 respondents to a survey commissioned by JP Morgan Retirement Plan Services. Only ...

By Steve Rosenbush


Ratings agency Standard & Poor’s stated the obvious on Monday – that the carefully crafted bailout plan for Greece is tantamount to default because the ‘voluntary’ participation of French and German banks would reduce the value of their holdings in Greek debt.

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