CFO / Financial
S&P Wants 15 State Lawsuits Over Ratings Brought to New York
McGraw Hill Financial Inc. and Standard & Poor's asked a panel of judges to pack up 15 state lawsuits in which they're accused of inflating securities ratings and ship them to New York where the ...
Obama Administration Issues Rules on Workplace Wellness Programs
Employees will be eligible for significantly lower premiums on the health insurance they buy through their employers if they participate in "workplace wellness programs," even if they don't improve ...
Swaps Repair Sought as Governments Trash Insurance: Euro Credit
The credit derivatives market is undergoing its biggest overhaul in a decade with proposals to make sure that bondholders can be compensated for losses imposed as part of bank rescues. Flaws revealed ...Allstate Settles Mortgage-Backed Securities Suit Against Citigroup
Allstate Corp. and Citigroup Inc. agreed to settle a lawsuit filed by the insurer in New York state court accusing the bank of fraudulently selling hundreds of millions of dollars of mortgage-backed ...New York Regulator Requests Details on Insurers’ Cyber Security Plans
New York's top financial regulator has asked some of the largest U.S. insurance companies to disclose details on their preparedness for cyber attacks, following a similar request to major banks ...
Regulatory Risk Tops All Others For Financial Services Execs
According to a new KPMG International survey report, regulatory pressure is consistently one of the biggest threats facing companies across industries, and the number one challenge facing financial ...European Banks Boosted by Once-Toxic U.S. Mortgage Bonds
The U.S. mortgage bonds that were exported around the globe and triggered the worst financial crisis since the Great Depression are now helping Europe's banks and governments repair balance sheets ...
Insurers Lose Bid to Halt Funding of Pittsburgh Corning’s Asbestos Trust
Pittsburgh Corning Corp.'s bankruptcy judge overruled final objections by insurance companies trying to halt the reorganization of the building-supply company. U.S. Bankruptcy Judge Judith Fitzgerald ...