Life and Annuity Issuers Could Help Break the Banks: Economists

April 23, 2024 by Allison Bell

If financial disasters pull too hard on the banks, that could choke the life insurers, and asset sales at life insurers could then tighten the rope around the banks’ necks even more.

Three economists touch on possible financial knots of doom in a new working paper about ways that problems at “non-bank financial intermediaries” — including mutual funds, pension plans and broker-dealers, as well as life insurers — could make struggling banks die faster.

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Originally Posted at Think Advisor on April 16, 2024 by Allison Bell.