Investment Officers
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 ...
AIG to Form Agency Distribution Channel with People’s Insurance Co. of China
American International Group Inc., People's Insurance Company of China (PICC) and PICC Life Insurance Co. Limited (PICC Life) said that they have entered into a joint venture agreement to form an ...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 ...