Regulation & Compliance
Vote on Systemically Risky U.S. Non-Banks Expected
U.S. regulators plan to vote next week on whether to label some non-bank companies a potential risk to the financial system, a move that would put them under heightened Federal Reserve supervision, ...
Rathgeber In, Kitzman Out as Texas Insurance Commissioner
On the same day that Eleanor Kitzman exited her post as state insurance commissioner, Texas Gov. Rick Perry appointed Julia Rathgeber of Austin to take over leadership at the Texas Department of ...AIG Drops Securities Complaint Against Federal Reserve of New York
American International Group Inc. has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer retained the right after its 2008 taxpayer-funded bailout to sue ...Munich Re’s American Modern Fined $1 Million in Forced-Place Probe
Munich Re's American Modern Insurance unit agreed to pay a $1 million penalty, provide customer refunds and make reforms after a probe into kickbacks paid to banks, New York's financial-services ...
S&P Wants 15 State Lawsuits Over Ratings Brought to New York
McGraw Hill Financial Inc. and Standard & Poor's asked a panel of judges to pack up 15 state lawsuits in which they're accused of inflating securities ratings and ship them to New York where the ...
Biggest Supreme Court Ruling Nobody Has Heard About
The Supreme Court has yet to decide this year's attention-grabbing cases on same-sex marriage, affirmative action and the Voting Rights Act. But last week, a divided court decided Arlington v. FCC, ...
Obama Administration Issues Rules on Workplace Wellness Programs
Employees will be eligible for significantly lower premiums on the health insurance they buy through their employers if they participate in "workplace wellness programs," even if they don't improve ...
New York State: Ex-AIG Chief Greenberg Should Face Trial
Hank Greenberg should still face trial over sham transactions he is accused of orchestrating while he was head of American International Group, even though New York has dropped most of its claims ...