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Moody’s Downgrades Allstate On Investment Losses, Earnings
Chubb Profit Falls 37 Percent on Investment Losses (Update2) (Bloomberg)
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.
Banks borrow more from Fed, investment firms less (AP via Yahoo! Finance)
The Federal Reserve says commercial banks boosted their borrowing over the past week from its emergency lending program, while investment firms drew less.
