The Reserve Bank of India (RBI) on Thursday retained State Bank of India and ICICI Bank , the nation's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second consecutive year.
Lender GE Capital on Wednesday became the first firm to lose its designation as "systemically important," a label born of the financial crisis that the US government gives to institutions with potential to wreck the economy in the event of distress.
Driven by a lust for lucre and the desire to succeed at all cost, many cowboys of Wall Street blazed their way to glory through fraudulent means, only to burn out in the end.
Reinsurance companies assume risks from insurance companies in return for premiums. Some insurers pass on nearly all of their risks to reinsurers. Several large groups write both insurance and reinsurance.
To the producers of the film "Too Big To Fail," the story plays like a horror movie.
New York Times chief M&A reporter and author of bestseller - Too Big to Fail, Andrew Ross Sorkin broke the news on this deal breaker. In an exclusive interview with CNBC-TV18’s Menaka Doshi, discussed whether this deal is more than just a financial investment by Goldman Sachs.