Word: corpe
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Dates: during 2000-2009
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...billion for a 10% to 20% stake in Morgan Stanley, one of two major U.S. investment banks left standing. The announcement capped a frantic few days during which Morgan Stanley CEO John Mack sought a saving dose of capital from Wachovia, a U.S. bank, and the China Investment Corp., Beijing's $200 billion sovereign wealth fund, which had already bought 9.9% of Morgan Stanley last December. MUFG joined the fray over the weekend, sources say, and within days committed to buy a strategic stake, which includes a seat on the Morgan Stanley board. With the U.S. Federal Reserve now compelling...
...officer of China's $200 billion sovereign wealth fund, meets in New York City this week with Morgan Stanley CEO John Mack to discuss increasing the Chinese government's stake in the venerable - and flailing - investment bank, he bears an obvious burden. Last December, the CIC (the China Investment Corp.) invested $5 billion for a 9.9% stake in Morgan Stanley (for which the bank must pay CIC a 9% annual dividend until 2010). On paper, that investment is now down more than 25%. Worse, Beijing paid $3 billion for a piece of the Blackstone Group just ahead of the private...
...interviews were conducted via telephone by Opinion Research Corp. Sept. 14-16, 2008. The Florida, Indiana and North Carolina surveys have an error margin of 3.5 percentage points, while Ohio's and Wisconsin's is 3 percentage points...
Each state runs guarantee funds for insurance policies, similar to what the Federal Deposit Insurance Corp. does for bank deposits. Every state differs in what they guarantee, but most states set basic limits of $300,000 in life insurance death benefits, $100,000 in cash surrender or withdrawal value for life insurance, $100,000 in withdrawal and cash values for annuities, and $100,000 in health insurance policy benefits, according to the National Organization of Life and Health Insurance Guarantee Associations. The state where the policy was written determines the jurisdiction...
...Financial Corp. of America declared bankruptcy after a $2 billion federal bailout of its primary subsidiary, the American Savings and Loan Association, during the savings and loan crisis of the late 1980s...