Government
Detroit Mayor-Elect Eyes Bigger Role Amid Bankruptcy; City-Run Auto Insurer Part of Vision
Detroit Mayor-elect Mike Duggan rescued a county, a bus system and a 14,000-worker hospital network, served as a prosecutor, plotted Democratic campaigns and coached his four children's soccer teams. ...
New UK Financial Regulators Face Surge in Staff Turnover: Reuters Analysis
Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a ...
Freddie Mac Turns to Arch Capital to Increase Risk-Sharing Efforts
Freddie Mac bought insurance covering a portion of losses on a pool of home loans from Arch Capital Group Ltd.'s Arch Reinsurance Ltd. unit, expanding risk-sharing efforts by the government-backed ...
U.S. Authorities Probing NY SEC Staff Investments
Federal prosecutors and the office of the inspector general of the U.S. Securities and Exchange Commission have contacted some employees in the SEC's New York office in a probe of possibly improper ...
Moody’s, S&P and Fitch Sued Over Failed Bear Stearns Funds
The liquidators of two Bear Stearns hedge funds filed a lawsuit on Monday against the three major U.S. rating agencies, accusing them of fraudulently assigning inflated ratings to securities in the ...
Chicago Bonds Hold Up in Light Trading After Downgrade
U.S. municipal bonds issued by Chicago held up in light trading on Monday even as the city's debt suffered another triple-notch ratings downgrade on mounting concerns about its public pension ...
Swaps Regulation Could Impact Insurers’ Risk Management, Ratings: S&P
A Dodd-Frank provision regulating derivatives could improve insurers' risk management and have a minor impact on ratings, according to analysts at Standard & Poor's. In response to the financial ...
U.K. Fraud Office May Work with Spy Agencies to Fight Corporate Crime
The U.K. Serious Fraud Office will work more closely with spy agencies in an effort to crack down on corporate wrongdoing. "We are enhancing our intelligence capabilities in the fight against ...