House Passes Senate Version Of Dodd-Frank Amendment
American International Group Inc (NYSE:AIG), MetLife, Inc. (NYSE:MET), and Prudential Financial Inc (NYSE:PRU) got some welcome, if anticipated, news yesterday when the House of Representatives passed the Senate’s version of an amendment to the Dodd-Frank Act giving the Federal Reserve the authority to issue different capital rules for insurance companies designated as systemically important financial institutions (SIFI) than the ones that already exist for major banks. Pres. Obama . . .
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