Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Top News

Back to Business: Wall Street Pursues Profit in Bundles of Life Insurance

Sep. 5, 2009
Wall Street bankers plan to buy life insurance policies that ill and elderly people sell for cash and package hundreds or thousands of them together into bonds.
Related Stories from UPI.com

Obama, bankers discuss regs, reform

WASHINGTON, March 27 (UPI) -- U.S. President Barack Obama walked away from a meeting with bankers Friday believing they had a good, productive conversation, the White House said.

Bankers to get bonuses despite bad year

CHICAGO, Nov. 29 (UPI) -- Though some had record losses to deal with, many Wall Street bankers are in line for record U.S. bonuses, while apparently few on Main Street can say the same.

Rapper Stack Bundles killed in New York

NEW YORK, June 11 (UPI) -- Rapper Stack Bundles, who was a member of Jim Jones' Byrd Gang, was killed in New York Monday.

Preferred-provided insurance for China

NEW YORK, Oct. 18 (UPI) -- Beijing will permit a Nasdaq-listed company to offer China's first preferred-provider healthcare insurance plan.

British bankers set for extradition

LONDON, July 5 (UPI) -- The extradition of three bankers from Britain to the United States appeared inevitable Wednesday as the Enron-related case against them advanced.

Bird-flu pandemic could hurt life insurers

NEW YORK, April 4 (UPI) -- As experts warn bird flu will soon hit the US, analysts warn a pandemic could cause a slump in the life insurance sector.

Cameco pays $108M for Zircatec Precision

SASKATOON, Saskatchewan, Dec. 2 (UPI) -- Cameco Corp., the world's largest uranium producer, is buying fellow Canadian company Zircatec Precision Industries Inc. for $108 million.

Term life insurance rates start climbing

NEW YORK, July 20 (UPI) -- The rates for term life-insurance rates in the United States are starting to climb after years of steadily falling, the Wall Street Journal reported Tuesday.

Brazil leader, Bush hit it off

WASHINGTON, Dec. 10 (UPI) -- Brazil's next leader was left with an "excellent impression" of U.S. President George W. Bush after a first meeting Tuesday. But equally important will be how Wall Street receives advisers to Luiz Inacio Lula da Silva during talks with bankers on Wednesda

SEC nominee Wall Street, Washington vet

WASHINGTON, Dec. 10 (UPI) --
1 of 29
French Open tennis in Paris
View Caption
Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa