Government
Detroit Bankruptcy Boosting Appeal of Insurance for Municipalities
Detroit's record bankruptcy may cost bond insurers more than $1 billion in claims. Yet the filing is also boosting the appeal of guaranteed municipal debt as the companies pledge to cover Motor City ...
Allianz Mulls Carbon Credit Expansion After Indonesia Investment
Allianz SE, Europe's largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its ...
Lloyd’s Insurers Face More Bond Losses on Fed Reserve Tapering
Insurers in the Lloyd's of London market, sideswiped by the Federal Reserve's plan to scale back debt purchases, may face more losses as rising Treasury yields erode the value of their short-term ...
JPMorgan Hit by U.S. Bribery Probe into Chinese Hiring
U.S. authorities have opened an investigation into whether JPMorgan Chase & Co hired the children of powerful Chinese officials to help it win business in China, according to the New York Times. ...
Will BP’s Hard-Line Legal Tactics Backfire?
BP's hard-line legal tactics aimed at capping the financial blowout from the 2010 Gulf of Mexico oil disaster will backfire, according to Joe Rice, negotiator of last year's settlement on behalf of ...
Apple Faces Possible 2014 Trial on e-Book Damages; Amount Could be Hundreds of Millions
The federal judge who ruled that Apple Inc. violated antitrust law by conspiring with five major publishers to raise prices of e-books has scheduled a May 2014 trial to determine damages, according ...
Judge Allows California Case Against Standard & Poor’s To Proceed
A U.S. judge has allowed the California attorney general's office to proceed with a lawsuit accusing Standard & Poor's of misleading investors by inflating its credit ratings that led to ...
U.S. Charges Two Ex-JPMorgan Bankers Over ‘London Whale’ Loss
U.S. prosecutors brought criminal charges on Wednesday against two former JPMorgan Chase& Co employees in the trading scandal that cost the bank $6.2 billion last year, but the trader nicknamed ...