International
U.S. Judge Orders RBS Unit in Japan to Pay $50M Over LIBOR
A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the ...
Botched Geological Studies at Center of Panama Canal Expansion Cost Dispute
Flawed geological studies of the terrain of the Panama Canal by its operator has led to big cost overruns in the project to expand the waterway, the building consortium at the center of a dispute ...
British Reporting Rule Change Exposes Transatlantic Cultural Gap
As investors prepare to digest the latest round of company earnings figures, Britain's move to scrap the quarterly reporting requirement has revealed a divergence of opinion between the domestic and ...
Regulation-Fueled ‘Collateral Crunch’ Not Expected in 2014
If pension funds, insurers and sovereign wealth funds were hoping to cash in on lending "high-quality" assets to those scrambling to meet tougher collateral requirements in 2014, they are likely to ...
Yahoo Says Malware Spread Through Some Ads on European Sites
Some advertisements on Yahoo Inc's European websites last week spread malicious software, Yahoo said on Sunday, potentially infecting thousands of users. On Friday, Fox-IT, a Delft, Netherlands-based ...
Swiss Re Takes Hit in Trading As Reinsurance Prices Fall
Swiss Re Ltd., the world's second-biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. ...
Overcapacity Pushing Re Prices Down; Terms and Conditions Soft: Willis Re
Soft market reinsurance conditions are no longer unique to property-catastrophe business, Willis Re said yesterday, pointing to overcapacity as the key driver of Jan. 1, 2014 rates down on most ...
Bermuda Monetary Authority Appoints Gibbs as Director, Supervision (Insurance)
The Bermuda Monetary Authority announced the appointment of Andrew Gibbs to the position of Director, Supervision (Insurance) on Thursday. Reporting to Craig Swan, Managing Director, Supervision, ...