Government
Geithner Nixes Greenberg Lawyer’s Request for Draft of Book on AIG Bailout
Former Treasury Secretary Timothy Geithner joined the Federal Reserve Bank of New York in declining to give drafts of a book he's writing to Maurice "Hank" Greenberg for a lawsuit challenging the ...
What Lured Aon, Noble and Others to Move Headquarters to London
The Swiss town of Baar boasts clean air, easy access to ski slopes and some of Europe's lowest personal taxes. London? Traffic and perpetual drizzle. Yet executives at Noble Corp., a provider of ...
Lehman’s Australia Creditors Approve $48 Million Insurance Deal
Creditors of Lehman Brothers Holdings Inc.'s Australian unit approved an insurance payment plan allowing them to recover about $48 million of investment losses. U.S. insurers agreed to provide $45 ...
Allianz CEO Diekmann: Solvency II, Basel Create Room for Acquisitions
Michael Diekmann, chief executive officer of Allianz SE said tougher financial regulation will create takeover opportunities for Europe's biggest insurer. "If Solvency II and Basel III mean more ...
Federal Agencies Prepare Rule Requiring Lenders to Accept Private Flood Insurance
Five federal regulatory agencies are considering a rule that could boost sales of private flood insurance. The proposal would require lenders to accept private flood policies to satisfy the mandate ...
Bernanke Does Not Have to Testify in AIG Bailout Lawsuit
Federal Reserve Chairman Ben Bernanke does not have to testify in the multibillion-dollar lawsuit by the former chief of American International Group Inc. against the United States over the insurer's ...
Q&A on Risks of U.S. Treasury Default
U.S. lawmakers are negotiating to raise the debt ceiling before the Treasury is expected to run out of funds, leaving the country at risk of defaulting on its debt. Below are some key questions ...
Allianz CEO: Capital Rules Fuel Artificial Pricing of Bond Risk
Michael Diekmann, chief executive officer of Allianz SE, Europe's biggest insurer, said capital rules that encourage financial companies to invest in sovereign bonds are thwarting a solution to the ...