American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the largest commercial insurer in the United States …
Wells Fargo & Co. is examining whether it caused unnecessary financial harm to customers through mortgage fees, frozen deposit accounts and “add-on” products like identity theft protection, the bank said in a U.S. securities filing on Friday. The disclosures signal …
More than two dozen U.S. companies, including several big banks, have teamed up to establish shared principles that would allow them to better understand their cyber security ratings and to challenge them if necessary, the U.S. Chamber of Commerce said …
Over the past two years, a growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases. …
Warren Buffett’s favored banker, Byron Trott, is planning to expand his investment and financial advisory firm BDT Capital Partners in Europe with a London office to attract billionaire clients, sources familiar with the matter told Reuters. Chicago-based BDT, founded in …
The U.S. government cut its stake in American International Group Inc. to 19 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The Treasury Department sold …
Any U.S. corporate executives who think they can use the Jobs Act’s relaxed rules for public listing to cut corners on accounting and disclosure may want to think again. The Act, signed into law by President Barack Obama last Thursday, …
