News
Europe’s Financial Regulation Scheme Still a Work in Progress
Five years after mismanagement brought the global financial system to the brink of collapse, a Reuters survey reveals yawning differences in the way European Union countries assess whether bankers ...
Brightening U.S. Jobs Picture May Draw Fed Closer To Tapering
U.S. job growth increased more than expected in June, which could draw the Federal Reserve closer to implementing a plan to start scaling back its massive monetary stimulus later this year. Employers ...
Countrywide Board, CEO Mozilo Should Face Investors’ Claims, Court Told
Former Countrywide Financial Corp. directors, including ex-Chief Executive Officer Angelo Mozilo, should be forced to face claims that they misled investors about the quality of the mortgage-lender's ...
U.S. Bond Funds Losing $60 Billion Foreshadow Impact of Fed Exit
Investors have pulled about $60 billion from U.S. bond funds since Federal Reserve Chairman Ben S. Bernanke rattled markets by outlining his plan to end the central bank's unprecedented asset ...
New Jersey Utility Sues 11 Insurers Including AIG, Allianz, ACE Over Sandy Cover
Public Service Enterprise Group Inc., the largest provider of gas and electric service in New Jersey, sued 11 insurers, including American International Group Inc., over losses from Hurricane Sandy. ...
Lloyd’s CEO Ward Resigning; Search For Successor Begins
On Wednesday, Richard Ward, chief executive officer of Lloyd's, announced his intention to resign at the end this year. "This has not been an easy decision to make but, as Lloyd's longest-serving ...
Drugmakers Search for Safer Painkillers Amid Opioid Abuse Epidemic
Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don't lead to misuse and new products that treat dependency in a bid to ...
How Carriers, Agents Can Adapt As Small Commercial Buyers Move Online
About 52 percent of America's small business insurance customers say they are ready to complete their commercial insurance purchasing online without the aid of an agent or broker. That's according to ...