tldrdaily.news logo
Tag

Solvency

All articles tagged with #solvency

politics2 years ago

"O'Malley's Pledge to Transform Social Security Benefits and Empower Workers"

Martin O'Malley, the nominee for the next Commissioner of the Social Security Administration, acknowledged during his Senate confirmation hearing that the agency is facing a "crisis" in serving the 70 million Americans who rely on it for benefits totaling $1.4 trillion in 2023. O'Malley highlighted the customer service crisis, with beneficiaries experiencing long wait times and delays in receiving disability benefits. He emphasized the need for improved technology and staffing to address these issues. O'Malley also committed to addressing the controversy surrounding overpayments of benefits and pledged to provide policymakers with accurate information on the possible insolvency of Social Security.

via Newsweek|
#benefits#customer-service#martin-omalley
social-security2 years ago

Navigating Social Security: What You Need to Know for Your Financial Future

Social Security is a crucial income source for millions of Americans, providing benefits to retired and disabled workers, as well as their dependents. However, concerns about the program's future have arisen, with the Social Security Board of Trustees projecting that the combined asset reserves of the trust funds will be depleted by 2034. While Social Security is not expected to run out completely, it is projected that only 80% of benefits will be payable at that point. Despite these challenges, it is worth noting that Social Security solvency has been addressed in the past, and discussions on how to protect Americans who rely on the program are ongoing.

via CNBC|
#benefits#poverty#retirement
finance2 years ago

Deutsche Bank's Troubles Cause Global Concerns

Deutsche Bank's shares fell and the cost of insuring against its default spiked, as the European banking sector was engulfed by market panic. However, analysts dismissed concerns about the bank's viability or asset marks, pointing to its robust capital and liquidity positions. Unlike Credit Suisse, Deutsche Bank is solidly profitable and has undergone a multibillion euro restructure in recent years aimed at reducing costs and improving profitability. German Chancellor Olaf Scholz also stated that there is no basis to speculate about Deutsche Bank's future.

via CNBC|
#credit-suisse#deutsche-bank#european-banking-sector
finance2 years ago

"Warren Buffett's Investment Plans and Biden's Impact on Banks"

Ally Financial remains a viable proposition to survive the fallout amid the banking crisis at the appropriate valuation. Despite the recent volatility, investors should consider a validated bullish reversal before adding new/more positions. Aggressive investors could consider "front-running" the market, but they also need to be aware of the risks. Warren Buffett, the second-largest investor in Ally Financial, holding a 9.9% stake, could be interested in a takeover of Ally Financial.

via Seeking Alpha|
#ally-financial#banking-crisis#deposits