Chubb Profit Falls 37 Percent on Investment Losses (Update2) (Bloomberg)
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Jan. 29 (Bloomberg) — Chubb Corp. , the insurer of businesses and high-end homes, said fourth-quarter profit fell 37 percent on investment losses outside its bond portfolio.
Cheer for investment banks from cash calls (Financial Times)
The demand for capital raisings could not have come at a better time for investment bankers starved of revenues. With business down across mergers and acquisitions advisory and debt capital markets, bankers have welcomed the opportunity to make money from cash calls.
