Investment Officers
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...
Ackermann Exit at Zurich Insurance Leaves Investors with Questions
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG days after the suspected suicide of its finance chief sent the insurer's shares tumbling and left investors grasping for ...
U.S. 2-Year Note Sale Lures Insurance Companies
The Treasury sold two-year notes at a lower-than-forecast yield as direct bidders, a group that includes pension funds and insurance companies, bought their biggest share of the auction since April. ...
G20 Leaders Seen Endorsing Shadow Banking Rules
World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global ...
Nasdaq Shutdown Forces SEC’s White Into Fight With Market Perils
A three-hour shutdown of the Nasdaq Stock Market marks the first test of Securities and Exchange Commission Chairman Mary Jo White's ability to push through stronger technology safeguards for ...Meadowbrook Receives Waiver for Covenants, Will Pay Dividend
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective ...
AIG Said to Plan $300 Million RMBS Sale, Loan Shift in Bank Exit
American International Group Inc. plans to sell about $300 million in residential mortgage-backed securities from the bank it's winding down, according to a person familiar with the matter. About ...
AIG to Get $905 Million From Brookfield to End Rate-Swap Dispute
American International Group Inc., the insurer that repaid a U.S. rescue last year, agreed to accept $905 million from Brookfield Asset Management Inc. to resolve a dispute tied to interest-rate ...