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March 12, 2013
05:48 EDTTRV, CBRising insurance costs hurting small U.S. banks, WSJ reports
Thousands of small U.S. banks are feeling a financial pinch from the government's efforts to punish executives and directors of banks that collapsed during the height of the financial crisis, reports the Wall Street Journal. Insurance premiums that cover directors and officers are rising sharply as the FDIC, seeking to replenish funds paid out to depositors of collapsed banks, accelerates its legal pursuit of officials from failed community lenders Insurance executives and banking-industry lawyers estimate premiums for small banks have risen at least 15% since the crisis. Some insurers are also boosting deductibles and writing policies that leave policyholders uncovered if regulators take future action. Reference Link
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October 1, 2015
09:48 EDTCBACE receives antitrust early termination for Chubb buyout
ACE Limited (ACE) said it received notice from the U.S. Federal Trade Commission that it had granted early termination, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) for its pending acquisition of Chubb (CB). The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction, which remains subject to other customary closing conditions, including receipt of shareholder and other regulatory approvals, ACE added.

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