SEC Starts Shifting Agency’s Focus as Job Cut Threat Spooks Staff February 10, 2025 By Chris Prentice, Douglas Gillison and Lawrence Delevingne A day after the Trump administration sent a missive to all federal employees inviting them to resign, the U.S. Securities...
Insurance Agency Owner’s Suicide Unrelated to Fraud Allegations, Says Firm June 14, 2021 By Lawrence Delevingne The co-founder of a Florida financial firm facing investor lawsuits alleging securities fraud has died by suicide, and a spokesperson...
After Helping Shepherd Pandemic Loans, Banks Now Brace for Regulatory Risks October 21, 2020 By Lawrence Delevingne, Michelle Price and Koh Gui Qing Banks that facilitated the U.S. government’s Paycheck Protection Program at first saw the effort as a small revenue booster with...
Holiday Parties for Health, Liability-Conscious Wall Street Firms Feature Smoothies, Yoga December 18, 2019 By Lawrence Delevingne and Imani Moise Fruit smoothies may become the new martini for Wall Street holiday parties. Banking and trading firm BTIG LLC, for example,...
Sectors Under Pressure, Such as Insurance, Remain Private Equity Targets: Apollo Exec September 20, 2019 By Svea Herbst-Bayliss and Lawrence Delevingne Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away...
Hedge Funds Invest in Reinsurance Stocks on Expected Rate Hikes in 2018 November 16, 2017 By Maiya Keidan, Carolyn Cohn and Lawrence Delevingne Hedge funds bought reinsurance stocks in the third quarter after prices tumbled on widespread losses after multiple hurricanes in North...
AIG Wants to Sell $2 Billion in Life Settlements Business August 16, 2017 By Lawrence Delevingne and Olivia Oran American International Group Inc. wants to sell a $2 billion portfolio of life settlements that would pay out when sick...
Secret Buyer of Beechwood Assets Unveiled as Global Bankers Insurance Group August 9, 2017 By Lawrence Delevingne Global Bankers Insurance Group is the previously undisclosed buyer of assets from the Beechwood family of reinsurance and asset management...
Reinsurer Beechwood Seeks Buyer in Wake of Backlash Over Platinum Ties: Reuters December 11, 2016 By Lawrence Delevingne The Beechwood group of reinsurance companies is in talks to sell most or all of itself after a backlash from...