News
Madoff Behaved Like a Lunatic Over Feeder Fund Probe, Jury Told
Bernard Madoff demanded his inner circle rush to re-create years' worth of fake account documents for a feeder fund that in 1992 attracted unwanted attention from regulators, the con man's ex-finance ...Wells Fargo: U.S. Targeting Exec As Defendant May Be Retaliation
Wells Fargo & Co said Monday that a U.S. government request to add one of its executives as a defendant in a fraud case may be in retaliation for the bank's decision to cut off settlement talks. ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
BP Wins Appeals Court Order Stopping Some Oil Spill Payments
BP Plc won an appeals court order stopping some payments under a $9.2 billion settlement tied to the 2010 Gulf of Mexico oil spill. BP last month asked for an injunction halting payments to claimants ...
S&P Says U.S. Fraud Lawsuit Over Ratings is Too Broad for Trial
McGraw Hill Financial Inc.'s Standard & Poor's unit said the U.S. government has broadened the securities covered in its fraud lawsuit against the ratings company so that the case would be ...
Trial Begins for Ex-BP Engineer Who Deleted Texts
Nearly a year after energy giant BP cut a deal to a resolve a criminal investigation of its role in the worst U.S. offshore oil spill, a jury is set to hear the Justice Department's case against a ...Imperial Management Corporation Completes Acquisition
Louisiana based, Imperial Management Corporation (IMC) and Southport Lane, LP announced Tuesday that IMC has obtained all required regulatory approvals and closed its previously announced acquisition ...
Willis, Endurance Cover Australia Mining Firm in Index-Based Weather Deal
Willis Group Holdings announced on Tuesday that it designed and placed a derivative-based risk transfer solution to protect against construction delays on an Australian project from cyclone and heavy ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...