Latest Press Release on Financial Crisis

Latin America Poised to Recover From Crisis Faster Than U.S.
MIAMI, Nov. 17 /PRNewswire/ -- Latin America has the tools to recover quickly from the current financial crisis due to its stable and well-capitalized banking sector, while it will take the United States more time mainly because of high unemployment and low levels of consumer confidence...

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Comptroller Dugan Urges Regulators Around the World to Set Minimum Mortgage Underwriting Standards
TOKYO, Nov. 18 /PRNewswire-USNewswire/ -- Comptroller of the Currency John C. Dugan said today that regulators around the world should address the problem that sparked the financial crisis of the past two years by establishing minimum underwriting standards for all mortgages made in their r...

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CBI Announces 2nd Global & China Solar Polysilicon Congress 2009
SHANGHAI - While the financial crisis is not over yet, downstream demand becomes increasingly robust. How is the status quo of polysilicon industry in the world? How about the trend? How will PV industry progress? Will the boom of the PV market in China further boost the demand for polysilic

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China Banks on Latin America
MIAMI, Nov. 18 /PRNewswire/ -- Latin America's rapid recovery from the global financial crisis, its abundance of raw materials and the burgeoning purchasing power of its people are driving China's confidence in that region, said representatives of several Chinese banks during the 43rd A...

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BNY Mellon Chairman and CEO Bob Kelly Outlines Recommendations for Strengthening the Financial System
NEW YORK, Nov. 18 -- Robert P. Kelly, chairman and chief executive officer of BNY Mellon, outlined a series of steps designed to reduce the risk of another major financial crisis in a speech today at the Detroit Economic Club. "Consumers are saving mor...

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Conning Research: Life Insurance Industry Resets Investment Strategies After 2008
HARTFORD, Conn., Nov. 17 /PRNewswire/ -- The impact of the 2008 financial crisis on the life insurance industry may dramatically influence strategic decisions in the industry in the years ahead, according to a new study by Conning Research and Consulting. "During the fiv...

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BestWeek Asia/Pacific: A.M. Best Examines Financial Crisis Impact on Region’s Markets
OLDWICK, N.J. - This week’s edition of BestWeek Asia/Pacific includes a new special report from A.M. Best examining the life and nonlife insurance markets in the Asia-Pacific region since the start of the global financial crisis. A.M. Best Co.&rsquo

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Financial Empowerment Grants Aid Survivors of Domestic Violence
NORTHBROOK, Ill., Nov. 20 -- In the face of today's economic crisis and skyrocketing jobless rates, The Allstate Foundation is stepping up efforts to ease the financial burdens of domestic violence survivors with $625,000 in new economic empowerment grants...

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A.M. Best Special Report: Lower Interest Rates Shift Operating Environment for Region’s Insurers
OLDWICK, N.J. - Insurers operating in the Asia-Pacific region have had to adapt to intense market changes from the global financial crisis. Asset values declined substantially during 2008 and through March 2009, which resulted in deteriorating risk-adjusted capitalization, particularly for

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Two North American Delegations to be Highlights of cippe2010
BEIJING - Due to the changing world economic patterns, Asia will overtake North America to become the world's largest oil consumer, as predicted by the International Energy Agency years ago. Since the breakout of the financial crisis at the end of 2008, the oil economy in North America

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