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Maritime, Central Bank in talks over CLICO, BAT portfolio-sale lawsuit

ATTORNEYS for Maritime Life (Caribbean) Ltd and the Central Bank are expected to hold discussions on the lifting of an injunction which prevented the sale of the traditional insurance portfolios (TIPS) of Colonial Life Insurance Company (CLICO) and British-American Insurance Company (Trinidad) Ltd (BAT). The parties are also expected to hold talks on the future
United Kingdom United States James Aboud Fyard Hosein Justice Peter Rajkumar Kerwyn Garcia

POS, Prospecting, Automation, Certified Military Specialist Products; Quiet on the Bank Front

The way bond math works, every man, woman, and child that owns a fixed-income security issued when rates were lower is now underwater on that bond or that security. As long as they continue to collect payments on that coupon, and don’t have to sell it, fine. If they are forced to sell the security at a loss and book it, that’s a different story. When people want their money out of a bank, and the bank needs to sell securities to pay off depositors, well, we’ve seen how that ...
United States Colleen Flynn Brian Benjamin Stewart Homeacuity Jimmy Carter Argyle Matt Gomes

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Matching funds tempt corrupt pols & cost plenty

Former New York Lt. Gov. Brian Benjamin likely sighed with relief when a judge dismissed criminal corruption charges against him in December. But taxpayers aren’t so lucky. They’re still on the hook for funding the money pit encouraging these corrupt politicians, New York City’s matching funds program.
United States New York Sheley Secrest Michael Hein Brian Benjamin Thomas Lopez Pierre

Strike Two for NY Gov. Hochul's Vetting Process

First it was a failed vetting process for lieutenant governor when Governor Kathy Hochul chose then-Senator Brian Benjamin to be her No. 2 in the administration on September 9, 2021. Seven months later, Benjamin was forced to resign on April 12, 2022 after having been indicted earlier that day on federal wire fraud and bribery charges, to which he pleaded not guilty.
New York United States Staten Island Suffolk County New York State Supreme Court Westchester County

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