Assets & Investments
How Activist Investors Are Taking Executives’ Scalps at Big Companies
Activist investors from Carl Icahn to Daniel Loeb and Bill Ackman are ratcheting up their campaigns, increasingly targeting America's biggest companies and seeking the ouster of chief executive ...
G20 Leaders Seen Endorsing Shadow Banking Rules
World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global ...
Nasdaq Shutdown Forces SEC’s White Into Fight With Market Perils
A three-hour shutdown of the Nasdaq Stock Market marks the first test of Securities and Exchange Commission Chairman Mary Jo White's ability to push through stronger technology safeguards for ...Meadowbrook Receives Waiver for Covenants, Will Pay Dividend
Meadowbrook Insurance Group Inc., the insurer that had its rating cut this month by A.M. Best, said it received a waiver from lenders after violating two financial covenants. The waiver is effective ...
AIG Said to Plan $300 Million RMBS Sale, Loan Shift in Bank Exit
American International Group Inc. plans to sell about $300 million in residential mortgage-backed securities from the bank it's winding down, according to a person familiar with the matter. About ...
FASB, IASB Proposing ‘Transformational’ Changes in Insurance Accounting
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) separately released proposals recently that represent a transformational change to measurement and ...
New China Trust Pulls Bid for AIG’s Plane Leasing Firm Over Regulator: Report
New China Trust, which led a Chinese investor group in a $4.2 billion bid for American International Group Inc.'s aircraft-leasing unit, pulled out of the deal on concern its ties with a Chinese ...
Allianz Mulls Carbon Credit Expansion After Indonesia Investment
Allianz SE, Europe's largest insurer, is considering expanding its business of buying carbon emission credits after getting enough of the certificates from a project in Indonesia to help offset its ...