HALISTER: For Some States, UnitedHealth Exit from Obamacare Would Hurt (1)

For Some States, UnitedHealth Exit from Obamacare Would Hurt (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
UNH US (UnitedHealth Group Inc)
0219354Z US (United States Department of Health & Human Services)

People
Barack Obama (United States of America)
Ana Gupte (Leerink Partners LLC)
Brian Wright (CRT Capital Group LLC)

Topics
BGOV Health Care

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UUID: 7947283

HALISTER1: MORE: Kashkari Appears to Lean Away From Govt Breakup of Banks

MORE: Kashkari Appears to Lean Away From Govt Breakup of Banks

(Bloomberg) -- Minneapolis Fed Pres. Neel Kashkari, in text of speech Monday, appears to lean away from govt breakup of banks in favor of letting banks restructure themselves to meet new regulatory cap.
  • Image of govt analysts “arbitrarily” deciding how to divide trillion-dollar bank into smaller pieces “gives many people concern -- including me,” Kashkari said in text of speech Monday in Minneapolis
    • NOTE: Time of speech, originally scheduled for 11:30am local time, has been pushed back by 45 minutes to 12:15pm local time
  • One idea presented at April 4 Minneapolis Fed symposium of experts as way to combat too-big-to-fail problem is to have incentives in place to let banks decide “how to optimally divide themselves to meet a new regulatory cap”
    • There could be $350b “effective” cap on size of banks, and higher capital requirements on banks that exceed that size
  • “Given sufficient incentive,” banks should “be able to restructure themselves”
  • Link to story earlier Monday
  • NOTE: Kashkari, a former Pimco executive and Treasury official who oversaw TARP program, joined Minneapolis Fed in Jan.; he succeeded Narayana Kocherlakota
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Neel Kashkari (Federal Reserve Bank of Minneapolis)

Topics
BGOV Finance
Who's News - People

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UUID: 7947283

HALISTER: SocGen Names Drouet Head of Global Markets as Fields Departs (1)

SocGen Names Drouet Head of Global Markets as Fields Departs (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GLE FP (Societe Generale SA)

People
Daniel Fields (Societe Generale SA)
Didier Valet (Societe Generale SA)
Frank Drouet (SG Securities Hong Kong Ltd)
Frederic Oudea (Societe Generale SA)

Topics
Who's News - People
Management Changes
Financial Firm Departures

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UUID: 7947283