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The credit derivatives market is worth trillions, but are they really a time bomb waiting to decimate the financial markets? Warren Buffett's warnings haven't scared Citigroup.
AIG is in talks of selling Lloyd's of London insurance operations to a Canadian pension fund, a deal that could generate hundreds of millions of dollars for the insurance giant.
A federal court ruling that MetLife wasn't a 'SIFI' was seen as a victory, but an appeal creates uncertainty -- and higher costs -- for the company moving forward.