CFO / Financial
Friends with the Boss? Less Than One-Quarter Say Yes: Survey
Many employees like their bosses but only 23 percent actually consider their bosses to be their friends, according to new research from staffing firm Accountemps. The survey of 1,000 U.S. workers ...
AllianceBernstein Takes $7B Hit as AIG Cuts Asset Manager Ties
AllianceBernstein Holding LP became another victim of the hedge fund rout when American International Group Inc. decided to wind down a six-year relationship with the asset manager. AIG was the "most ...
U.S. Treasury Softens Stance on Tax Inversions
The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countries—a response to sustained criticism from big ...
Lloyd’s, UK Bankers Warn of 2017 Brexit/British Exodus Risks
Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the ...
Fitch Ratings Sees More Reinsurance M&A Ahead; S&P Questions the Benefits
Two acquisition deals in recent days may point to a resurgence in reinsurance M&A in the coming months, Fitch Ratings said. But Standard & Poor's said the benefits of more deals may be a ...
Buffett Fact Checked Trump on Taxes, Disclosed 2015 Return Data
Warren Buffett just fact checked Donald Trump. In a debate Sunday, Trump acknowledged using a nine-figure loss in 1995 to reduce tax obligations and sought to liken the move to strategies used by ...
Florida Hurricane Risk Forces Big Cat Bond Plunge
Bonds tied to weather risks tumbled the most in four years as Hurricane Matthew lashed Florida. The Swiss Re Cat Bond Price Return Index dropped 1.7 percent last week, the steepest decline since ...
SOMPO to Grab Endurance for $6.3 Billion in International Expansion Move
SOMPO Holdings Inc. agreed to buy Bermuda-based insurer Endurance Specialty Holdings Ltd. for about $6.3 billion, the company's biggest acquisition as it expands further outside of Japan. The ...