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Sun Life Financial and its joint venture partner in China, the China Everbright Group, have been honoured with the Exceptional Corporate Social Responsibility award by the Canada China Business Council.
www.npr.org
The government is providing new financial assistance to troubled insurance giant American International Group. It includes pouring $40 billion into the company in return for partial ownership. The action was announced jointly by the Federal Reserve and the Treasury Department Monday morning. All told the moves boost aid to the company to around $150 billion.
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FRANKFURT, Oct 29 (Reuters) - Germany's $1 trillion covered bond market is in a critical state despite a government rescue to bolster confidence in the financial system, the head of the market's industry association told Reuters. Banks had been tapping Germany's covered bond market -- the world's biggest -- as a cheap and reliable source of finance until mid September when it too was sucked into ...

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