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Big-cap insurers slide following bank CCAR results

Mar. 27, 2014 2:28 PM ETAmerican International Group, Inc. (AIG) StockAIG, MET, PRUBy: Stephen Alpher, SA News Editor
  • Struggling one day after the CCAR results are insurers AIG (AIG -0.9%), MetLife (MET -2.3%), and Prudential (PRU -2.6%). The group wasn't part of the CCAR process, but is potentially under the thumb of the Fed as it relates to capital returns.
  • If there is one takeaway from the CCAR, it's that the Fed - if anything - is getting even tougher with the larger institutions as it relates to capital returns. Citigroup was rejected and BofA and Goldman - facing rejection - were forced to dial back plans and resubmit their requests. "CCAR highlighted the challenges large-caps have in returning excess capital," said Goldman's Richard Ramsden earlier today.

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