Germany’s Allianz SE has released its full year figures for 2008, which show a net income loss of €2.444 billion...
Financial News
The U.S. Treasury is expected to propose within days the creation of a “systemic risk regulator,” probably the Federal Reserve,...
Finance chiefs from the G20 leading economies pledged on Saturday to take all necessary action to revive economic growth, fix...
Amid simmering outrage over $165 million in bonuses paid to executives at ailing AIG, Representative Barney Frank said Monday it...
American International Group Inc., once the world’s largest insurer, nearly collapsed last September under losses from bad mortgage bets made...
Florida-based Main Street America Group reported it achieved a $43.6 million underwriting profit in 2008, the largest in its 85-year...
The Reuters article does basically explain that AIG made payments to Goldman Sachs and “foreign” banks, but it becomes a...
Goldman Sachs Group and a parade of European banks were the major beneficiaries of $93 billion in payments from American...
Swiss Re has announced that the “main terms of the convertible perpetual capital instrument to be issued to Berkshire Hathaway...
Lawmakers told the top U.S. accounting rulemaker to deliver new guidance on mark-to-market accounting within three weeks, or face legislation...