U.S.
Federal Reserve: Low Interest Rates Not Inducing High Risk-Taking…Yet
Federal Reserve staff conducted a wide survey but found no evidence so far that the U.S. central bank's ultra-low interest rate policy has encouraged excessive risk-taking, the Fed said on Wednesday. ...Judge Approves $115 Million AIG Shareholder Settlement
A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged ...
Wal-Mart Moves to Fund Supply Chain Safety After Bangladesh Factory Fire
Wal-Mart Stores Inc., the world's largest retailer, is making its biggest push yet to try to improve conditions at factories that produce its clothing after a fire at a Bangladesh factory last year ...
New York Fund Closure Could Leave Workers’ Comp Insurers Short on Reserves
Possible changes to a New York special fund could leave workers' compensation insurers under-reserved, an industry executive has warned. The concern involves an unusual feature of the Empire State's ...
NFL, Ex-Players Prep For Court Battle Over Concussions
With perhaps billions of dollars at stake, a hearing Tuesday over concussion litigation filed against the NFL promises to be a brawl between legal heavyweights. About 4,200 former players have sued ...
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 ...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. ...