Investment Officers
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 State: Ex-AIG Chief Greenberg Should Face Trial
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims ...
Small Company Managers Better at Protecting Against Overpriced Stock Offers: Study
A new study from the University of Iowa suggests that managers of small firms better protect their shareholders' stock value by fending off potential acquisitions by larger firms with overpriced ...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 ...
Twitter Tweaks Security to Thwart Hackers After Media Company Hits
Twitter Inc. unveiled technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press, the Financial Times and The ...
Fed Officials Dampen Talk of Imminent Cut in Bond Buying
Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation ...
AIG to Invest $92.5M in China P/C Insurer
American International Group Inc. (AIG), which sold much of its stake in the Asian insurer AIA Group several years ago to help pay back the federal government for its bailout, is moving to reinvest ...
China Offers India a ‘Handshake Across the Himalayas’ to Ease Border Tension
India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday on his first official foreign trip. ...