Regulation & Compliance
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
Goldman Sachs Puts U.S. Government Mortgage Bond Dispute Behind It
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S.regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced ...
For $16.65B, Bank of America Resolves Mortgage Charges
Bank of America Corp. reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed ...
Fitch Upgrades Rating for Hannover Re
Hannover Re has worked to maintain steady earnings and reduce its financial leverage, and Fitch Ratings has recognized the company with a ratings upgrade. Fitch said it has boosted the insurer's ...
Berkshire Hathaway to Pay Tiny Fine Over M&A Antitrust Snafu
Warren Buffett's Berkshire Hathaway Inc. agreed to pay $896,000 to settle U.S. claims that it violated antitrust laws when it acquired USG Corp. stock without reporting the transaction, after getting ...
Swiss Re’s Improved Financials Earn It a Ratings Upgrade
Swiss Re Group's good fortunes have helped give it a ratings boost. Fitch Ratings now ranks the company's financial strength rating as positive or A+, up from stable. A similar upgrade is in place ...
Let the Sunshine In
In public policy, it has often rightly been said that "sunlight is the best antiseptic." Recognizing this, governments all around the world have begun to open their proceedings more to the public and ...