2 hrs ago | Bloomberg
Prudential Names Manduca Chairman to Succeed McGrath After Failed AIA Bid
Prudential Plc , the U.K.'s biggest insurer by market value, named Paul Manduca as chairman to replace Harvey McGrath, who oversaw the company's failed $35.5 billion bid for AIA Group Ltd.
6 hrs ago | Customer Interaction Solutions
BUYINS.NET: Market Maker Surveillance Report. PFE, GE, WFC, CSCO,...
BUYINS.NET: Market Maker Surveillance Report. PFE, GE, WFC, CSCO, AIG, MSFT, Bearishly Biased Price Friction For Friday, May 25th 2012 BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday.
New York Attorney General Eliot Spitzer speaks at a sold-out luncheon at the National Press Club in Washington, Monday, Jan.
Auto Outlook: Drivers wanting better mileage look to foreign cars
To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets - including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks - to secure $23.5 billion in credit.
Goldman Board Met Daily in Weeks Before Alleged Gupta Tip
At Raj Rajaratnam's insider-trading trial one year ago, Goldman Sachs Group Inc.
JPMorgan Gave Risk Oversight to Museum Head With Role at AIG
The three directors who oversee risk at JPMorgan Chase & Co. include a museum head who sat on American International Group Inc.'s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.
AIG wagers on subprime betting second time different
American International Group Inc. , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.
Ex-General Re, AIG execs may settle criminal case
Four former executives at Berkshire Hathaway Inc 's General Re Corp and one at American International Group Inc are in talks to settle a long-running criminal case accusing them of engineering a reinsurance transaction that fraudulently boosted AIG's loss reserves.
Greenberg's Starr to Seek Outside Money for Private-Equity Deals
Maurice "Hank" Greenberg, the 87- year-old former head of American International Group Inc., plans to seek outside investors to help him fund private-equity deals lasting a decade or more.
JPMorgan Directors Gave Risk Oversight to Museum Head Who Sat on AIG Board
James "Jim" Crown, president of Henry Crown and Co., and Paula Hannaway arrive to a state dinner hosted by U.S. President Barack Obama.
AIG Can't Pursue Some Countrywide Claims in $10 Billion Lawsuit
American International Group Inc. was blocked from pursuing some of its claims against Bank of America Corp.'s Countrywide unit that are part of a lawsuit over $10 billion in losses related to residential mortgage-backed securities.
Sometimes, bankers are nothing but gamblers
Addiction counselors tell their clients, "We can't help you until you admit you have a problem." It's time for American financial institutions to admit they have a gambling problem.
Fitch Rates AIG's New Sr. Unsecured Notes 'BBB'
Fitch Ratings has assigned a rating of 'BBB' to American International Group, Inc.'s $750 million issuance of 4.875% senior notes due 2022.
Stock Market News - Stock Market Today Is Lower Following Key Elections In France And Greece
In the U.S. stocks are lower following the results, even though stock markets that were open for trading in Europe generally recovered after being down earlier in their session... ECONOMIC EVENTS: Little economic data of significance was reported in the U.S., though March consumer credit figures are due at 3 pm ET.
MetLife Seeks Savings, Emerging Markets Boost to Reverse Slump
MetLife Inc. , the largest U.S. life insurer, will seek to increase its emerging markets business, focus on protection rather than capital-intensive products, and seek cost cuts to reverse a stock slump.
Credit Suisse Wins Latest NY Fed Maiden Lane CDO Auction
NEW YORK Credit Suisse on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's website.Credit Suisse bought collateralized debt obligations with a face value of $691 million from the Maiden Lane III portfolio, which included securities taken on during the 2008 bailout of ... (more)
First Take: Whale trade: Wall Street's uneasy balance
A losses mount from the so-called "London Whale" trade that left it at least $2 billion to $3 billion in the hole, rivals including Goldman Sachs Group Inc.
MetLife Seen Scaling Back Annuities, U.S. Life as Kandarian Narrows Focus
MetLife Inc. may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns.
Modest Start For Corporate Bond Issuance; Sentiment Improves
New issuance remained tepid, but two high-grade companies saw fit to borrow a combined $1.25 billion.
AIG Embraces - Liquidity Risk,' Chartis CEO Hancock Says
American International Group Inc. has sold non-U.S. life insurers, a consumer lender and other businesses to pay back its rescue, which swelled to $182.3 billion as the U.S. extended more credit and lowered the interest charged.