CFO / Financial
Fraud During Harvard Law Days Revealed for SAC Capital’s Martoma
Years before he was accused of insider trading, former SAC Capital Advisors portfolio manager Mathew Martoma forged a Harvard transcript, falsified an email, and created a dummy forensic computing ...
A.M. Best Moves Tower Rating Status to Developing, Still Under Review
On Friday, A.M. Best Co. announced that it changed the "under review" status Tower Group ratings to "under review with developing" implications rather than "negative" implications—a reaction to ...
Investment Funds with Assets Over $100B May Be Too Big to Fail, FSB Says
Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers. Hedge ...
RSA Insurance Finds Irish Unit’s Bonuses Overly ‘Aggressive’
RSA Insurance Group Plc is reviewing its compensation structure after the British insurer found that bonuses at its Irish division may have been "too aggressive." The London-based insurer fired RSA ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...
Goodyear Execs Released After ‘Boss-Napping’
French trade unionists released two executives on Tuesday after holding them for more than 24 hours at the country's Goodyear tire plant to demand higher payouts for more than a thousand planned ...
JPMorgan to Pay Over $2B to Settle Madoff Case
JPMorgan Chase & Co will pay more than $2 billion of penalties to settle charges by U.S. federal authorities that it failed to report suspicious activity involving Bernard Madoff's Ponzi scheme. ...
Fitch Changes Tower Group’s Rating Watch Status from Negative to Evolving
On Monday, Fitch Ratings revised the Rating Watch status of Tower Group International, Ltd. to Rating Watch Evolving from Rating Watch Negative following Tower's announcement of a planned merger with ...