Finance – Page 35 – BusinessMVP

January 3, 2011

Bank of America Announces Fourth-Quarter Actions With Respect to Its Home Loans and Insurance Business

CHARLOTTE, N.C., Jan 03, 2011 (BUSINESS WIRE) — Bank of America today announced agreements with the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) to resolve repurchase claims involving certain residential mortgage loans sold to them by entities related to Countrywide Financial Corporation (legacy Countrywide).

December 22, 2010

Bank of America to Honor Chicagoland Community Leaders on Kennedy Expressway Mural

Banking, Finance, Press Releases

CHICAGO – As part of an ongoing effort to honor Chicagoland’s community leaders, Bank of America will recognize three of the city’s very own with larger-than-life portraits painted on the well-known mural space adjacent to the Kennedy Expressway located near North Ashland and West Armitage Avenues. The leaders who will be displayed are three of […]

December 22, 2010

Bank of America Merrill Lynch Wins Loan House, U.S. High-Yield House and U.S. Structured Equity House in International Financing Review’s 2010 Review of the Year

Banking, Finance, Press Releases

NEW YORK, Dec 22, 2010 (BUSINESS WIRE) — Bank of America Merrill Lynch announced today that it received several awards from International Financing Review (IFR) magazine. The awards include: – Loan House of the Year – U.S. High-Yield Bond House – U.S. Structured Equity House

December 21, 2010

Zurich enters into exclusive distribution agreement with Fortis in Turkey

Banking, Finance, Insurance, Press Releases

Zurich, December 21, 2010 – Zurich Financial Services Group (Zurich) announced today that its Turkish subsidiary Zurich Sigorta A.S. (Zurich Sigorta) has signed an agreement with Fortis Bank A.S. (Fortis) for the exclusive distribution of general insurance products through Fortis in Turkey. This agreement is in anticipation of the planned merger between Fortis and TEB […]

December 15, 2010

BB&T names Valeria Lynch Lee as director

Banking, Finance, Press Releases

WINSTON-SALEM, N.C., Dec. 15, 2010 /PRNewswire-FirstCall/ — The directors of BB&T Corporation (NYSE: BBT) on Tuesday elected Valeria Lynch Lee, the first president of Golden L.E.A.F. Inc., to the corporate board. Lee, 68, joins BB&T's corporate board effective Jan. 1, 2011, after eight years as a director of Branch Banking and Trust Company, the principal […]

December 6, 2010

BB&T adds a guaranteed lifetime income investment option to its suite of 401(k) offerings

Banking, Finance, Insurance, Press Releases

RALEIGH, N.C., Dec. 6, 2010 /PRNewswire/ — Today BB&T (NYSE: BBT) announced a new option for its 401(k) institutional offerings — the guaranteed lifetime income investment option called ClearCourse®. ClearCourse is designed to protect 401(k) plan participants from retirement risks such as outliving assets, retiring during a down market, and the effects of inflation. […]

December 2, 2010

Investors’ Day: Zurich is well-positioned to outperform in a challenging environment

Finance, Insurance, Press Releases

Zurich, December 2, 2010 – Zurich Financial Services Group (Zurich) at today’s Investors’ Day will provide updates on its three Business Segments (General Insurance, Global Life and Farmers) as well as its Group Operations function. In addition, the company will present an update on its capital management and Non-Core Businesses. Commenting on the key messages […]

December 1, 2010

Zurich closes the acquisition of Compagnie Libanaise D’Assurances in Lebanon

Finance, Insurance, Press Releases

Zurich, December 1, 2010 – Zurich Financial Services Group (Zurich) announced today that its subsidiary Zurich Insurance Company Ltd has completed the acquisition of 99.99% of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates, Kuwait and Oman. The transaction marks a milestone for Zurich as it […]