News
Stress Tests Make U.S. Financial System Stronger: Bernanke
Federal Reserve Chairman Ben Bernanke said on Monday the central bank's periodic bank stress tests have made the U.S. financial system more resilient. Contrasting the current state of U.S. banks to ...
W.R. Berkley Divests; Shifts InsurBanc To Connecticut Bank It Controls
InsurBanc -- a federal savings bank founded by the Independent Insurance Agents & Brokers of America and insurer W.R. Berkley Corp. a dozen years ago -- has joined Connecticut Community Bank ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Bond Insurer Ambac Moves Toward Bankruptcy Exit with IRS Settlement
Ambac Financial Group Inc. on Monday said it has reached a $101.9 million settlement of a dispute with the Internal Revenue Service, a key step in the bond insurer's effort to emerge from bankruptcy. ...
Global Maritime Trade Seen Doubling By 2030, Report Says
Global seaborne trade will more than double by 2030 as China's rapidly growing economy fuels demand for commodities, a report by ship classifier Lloyd's Register, defense technology firm Qinetiq and ...
Targeting China IT In Cyber Security Law Is Discriminatory, U.S. Biz Group Says
The U.S.-China Business Council on Monday criticized a new U.S. law aimed at thwarting cyber attacks by discouraging the Justice Department and several other government agencies from buying ...AIG Files To Dismiss Part Of Greenberg Suit Over Bailout
Insurer American International Group Inc. has asked a court to block Maurice "Hank" Greenberg's efforts to sue the U.S. government on AIG's behalf, saying its former CEO has not proven he should have ...
Pension Funds Chasing Yields Eye Catastrophe Bonds
Pension funds are turning to specialist bonds that bet on the likelihood of a natural disaster, in a search for yield and returns that are not correlated to the rest of the market. What was once ...
Global Crowdfunding Volumes Up 81% In 2012; More Than Half From U.S. Websites
Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year, data showed on Monday. As banks ...