News
Obamacare, Tepid U.S. Growth Fuel Part-Time Hiring
U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid. Faltering economic ...
Brazilian Insurer’s IPO, World’s Largest, Beating All Peers, Still Rallying
BB Seguridade SA, the Brazilian insurer that held the world's largest initial public offering this year, is outperforming every other IPO from an emerging- market financial company this year. The ...
White Mountains Offers $308 Million for Entire IDB Stake in Clal
White Mountains Insurance Group Ltd. offered to pay 1.1 billion shekels ($308 million) for IDB Development Corp.'s 55 percent interest in Clal Insurance Enterprises Holdings Ltd. The offer will ...
U.K. Banks to Pay $2.4 Billion to Settle Insurance Mis-Selling: Sources
Britain's biggest banks are close to an agreement with regulators to pay as much as 1.5 billion pounds ($2.4 billion) to compensate customers wrongly sold insurance for credit-card and identity ...
Assured Guaranty, JPMorgan Agree to End Mortgage Litigation
Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank's EMC Mortgage and Bear Stearns units of making misrepresentations about ...
Goldman Assessing Fallout From Options Trading Glitch
Goldman Sachs Group Inc. is assessing the financial damage caused by a trading glitch that led to a flood of erroneous options trades, as U.S. regulators began looking into what caused the problem. ...
SEC’s JPMorgan China Probe Threatens Cozy Tradition of ‘Client Hires’
The U.S. government's bribery investigation into JPMorgan's employment of at least two Chinese bankers has prompted banks and other corporations across the globe to take a close look at their hiring ...
Disasters Cost Insurance Industry $20B in First Half
According to Swiss Re's preliminary sigma estimates, total economic losses from natural and man-made disasters were $56 billion in the first half of 2013, down from $67 billion in first-half 2012. ...