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Finance & Markets

Golden Gate Sued Over Insurer’s $2.2 Billion Capital Shortfall

Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Live: ASX to edge higher as US bonds surge

The Australian share market is set to edge higher ahead of the Reserve Bank's interest rate decision. Follow the day's events and insights from our business reporters on the ABC News live markets…

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