Insurance merging reshapes funds and protections
Analysis notes rising consolidation in finance with insurers merging mutual funds, shifting assets to life insurers. By year end, 153 mutual funds and 79 insurers had combined operations, totaling about 4 billion dollars or 16 percent of fund assets, signaling ongoing industry realignment and potential antitrust scrutiny.
MENTIONED IN THIS ARTICLE
Fasseiah
Or-Anthter
Wiesenberger
Organiz
Gar
Aes
Earl A
Black Market Not Harmful Say Experts
American experts reject claims that Saigon currency black market harms South Vietnam economy. They say inflation and lack of goods, not the market, destroy an economy, and that money changing has long existed and the economy functioned. Witnesses before a Senate committee accused Muslim money changers in Saigon of running a multinational racket and undermining stability.
MENTIONED IN THIS ARTICLE
Saigon
U.S
South Vietnam
Senate
South India
Abraham Ribicoff
D.conn
Charles H. Percy
R-Ill
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