Editors' picks for the week include a story on business development companies hoping for an increase in the cap on leverage, and Synchrony Bank, Toys R Us' card issuer, may offer ''useful'' credit alternatives to holders.
Buffett's Berkshire joins GE in getting bitten by long-term care reserving bug
Berkshire Hathaway Inc. is changing the way it reinsures years-old long-term care insurance policies after that business sent General Re Group to a large pretax underwriting loss in 2017.
SEC presses forward with its fiduciary rule plans after court vacates DOL reg
The future of the Labor Department's hotly contested Conflict of Interest Rule remains unclear after an appellate court vacated the rule and potentially cleared the way for the SEC to introduce its own regulations.
Industry awaits milestone insurance biz transfer deal under new regs
A regulatory trend aimed at attracting runoff insurance business could lead to a deal rush and one new company hopes to be the first to mine the opportunity.
Business development companies hopeful Congress allows jump in leverage
As Congress negotiates Senate legislation on regulation reform, business development companies are hopeful that House Republicans can add a provision that would increase the cap on leverage.
Toys R Us card issuer may offer 'useful' credit alternatives to holders
The going-out-of-business sales reportedly set to begin as early as March 22 at the U.S. locations of Toys R Us Inc. may bring opportunities for consumers to hunt for bargains, but for the issuer of the retailer's co-branded and private-label cards, the liquidation carries a range of risks.