Dutch Insurer to Buy Thrift to Get US Bailout Funds

Author: markw  //  Category: Finance

Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent. Aegon’s plans are similar to those of Hartford, a life and property insurer that has been hit by investment losses, and peers Genworth Financial and Lincoln National, who are all planning to buy small savings and loans companies and apply for federal support. More

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