Eric Dinallo

Eric Dinallo News

  • MetLife Joined by State Watchdogs Challenging Fed

    MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law.

  • PPIP’s Steep Tab, GM Swap Traders Adapt: Compliance

    Lenders could lose $168 billion if banks sell loans into the Public-Private Investment Partnership at market prices instead of their balance-sheet valuation, Jamie McGee and Margaret Chadbourn of Bloomberg News report, citing estimates in regulatory filings.

  • Dinallo Says System of Issuer-Paid Debt Ratings ‘Doesn’t’ Work’

    Eric Dinallo, the former New York insurance superintendent running to be the state’s attorney general, said the system of having debt issuers pay for credit ratings needs to be reformed.

  • U.S. Should Give Bond Insurers Capital to Split, Dinallo Says

    The U.S. should provide bond insurers MBIA Inc. and Ambac Financial Group Inc. with capital so they can separate their municipal businesses from other operations, New York State Insurance Superintendent Eric Dinallo said.

  • MBIA Defeats BofA Lawsuit Over Restructuring; Shares Jump

    MBIA Inc. defeated a lawsuit by Bank of America Corp. and Societe Generale SA that sought to reverse approval of the bond insurer’s $5 billion asset-transfer because it cut money available to cover their policy claims.

  • Amazon-Overstock, Squawk Box Case, SAC Accord: Compliance Inc., the world’s biggest online retailer, and discount Internet seller Inc. lost a challenge to New York’s Internet sales tax law as the state’s highest court rejected their arguments that it was unconstitutional.

  • MBIA Escapes Distressed Label in BofA Accord: Corporate Finance

    MBIA Inc. is no longer considered by credit-derivatives traders to be in distress after Bank of America Corp. agreed to a legal settlement that injects $1.6 billion of cash into the bond insurer and resolves five years of litigation stemming from the U.S. housing crisis.

  • MBIA-BofA, Credit Suisse, Bayer, Microsoft in Court News

    MBIA Inc. hid potential losses of as much as $950 million on commercial real estate debt as it sought New York regulators’ approval to restructure its insurance business in 2008, banks including Bank of America Corp. and UBS AG claimed in court papers.

  • MBIA Settles 5-Year Mortgage Fight With Bank of America

    MBIA Inc. and Bank of America Corp. settled a five-year legal battle over soured mortgage debt in a deal that will pay MBIA the equivalent of $1.7 billion and give the bank a 5 percent stake in the bond insurer. MBIA shares surged to the highest since September 2008.

  • BofA Files Notice of MBIA Restructuring Case Appeal

    Bank of America Corp. and Societe Generale SA appealed a judge’s decision upholding regulatory approval of bond insurer MBIA Inc.’s 2009 restructuring, which they say harmed them as policyholders.

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