Investment Officers
SEC Fraud Case Against Goldman Sach’s ‘Abacus’ Trader Goes to Trial
The U.S. Securities and Exchange Commission heads to trial Monday against a former Goldman Sachs bond trader in a case it says highlights what went wrong on Wall Street in the financial crisis. Jury ...
U.S., China Agree to Restart Investment Treaty Talks
The United States and China agreed on Thursday to restart stalled negotiations on an investment treaty, with Beijing dropping previous efforts to protect certain sectors of its economy from the ...
Sharp Interest Rate Spike Could Wipe Out More Than $100B U.S. P/C Surplus: Moody’s
For each 1 percentage point rise in interest rates, the value of bonds held by the U.S. property/casualty insurance industry will decline by about $40 billion, representing roughly 7 percent of ...
Senate Bill Would Again Separate Banking from Insurance, Other Financial Services
A small bipartisan group of U.S. senators on Thursday introduced legislation that would break up Wall Street's megabanks by separating traditional banking activity from riskier financial services. ...
Colombian Insurer Seguros Colpatria Looking for Buyers: Report
Seguros Colpatria SA, a Colombian insurance provider, is weighing a sale that may fetch $500 million, said people familiar with the matter. Seguros Colpatria, which provides fire, earthquake, ...
S&P to Defend Credit Rating ‘Puffery’ in Case Over Fraud Charges
Standard & Poor's, getting its first shot in open court at U.S. Justice Department claims it should pay as much as $5 billion in civil penalties, will defend itself by arguing reasonable ...
Brightening U.S. Jobs Picture May Draw Fed Closer To Tapering
U.S. job growth increased more than expected in June, which could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year. Employers ...
U.S. Bond Funds Losing $60 Billion Foreshadow Impact of Fed Exit
Investors have pulled about $60 billion from U.S. bond funds since Federal Reserve Chairman Ben S. Bernanke rattled markets by outlining his plan to end the central bank's unprecedented asset ...