Edition:
United States

Suzanne Barlyn

Fed sanctions former Goldman Sachs bankers over 1MDB money-laundering scandal

Mar 12 2019

WASHINGTON The U.S. Federal Reserve said on Tuesday it had sanctioned two former Goldman Sachs Group Inc bankers for their roles in a money-laundering scandal involving 1Malaysia Development Berhad (1MDB), Malaysia's state-owned investment fund.

Insurers face large claims after second Boeing 737 MAX crash

Mar 11 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Insurers face large claims after second Boeing 737 MAX crash

Mar 11 2019

Boeing Co's insurers face big claims from families of the victims of the Ethiopian Airlines crash, coming less than six months after the crash of the same type of Boeing aircraft in Indonesia, insurance and aviation sources said.

Justice Department taps Mueller prosecutor to enforce foreign lobbying disclosure

Mar 06 2019

NEW ORLEANS A former prosecutor for Special Counsel Robert Mueller's Russia investigation has been tapped to step up the U.S. government's enforcement of a rarely prosecuted law on foreign lobbying, a senior Justice Department official said on Wednesday.

New York regulator subpoenas insurance broker over Trump Organization dealings

Mar 05 2019

New York State's financial regulator has subpoenaed the insurance broker for President Donald Trump's family business, a person familiar with the matter said on Tuesday, after former Trump lawyer Michael Cohen told Congress the president inflated the value of assets to insurers.

U.S. insurers seek renewal of federal 'backstop' against acts of terrorism

Mar 05 2019

U.S. insurers are pushing for the extension of a federal terrorism risk insurance program, hoping to fend off a possible gap that would leave their clients scrambling for alternate coverage.

Exxon asks U.S. regulator to block climate-change resolution: investors

Feb 25 2019

Exxon Mobil Corp is trying to block an investor proposal that calls on the world's largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday.

AIG swings to loss, hit by catastrophes and volatile market

Feb 13 2019

American International Group Inc on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made a lower return on investments in a volatile market.

Investors taking stock of whether AIG will hit profit target

Feb 13 2019

As American International Group Inc reports its fourth-quarter results on Wednesday, investors will be looking to see if the insurer is closing in on an elusive profit target.

Prudential Financial misses fourth-quarter earnings estimates

Feb 06 2019

Prudential Financial Inc on Wednesday missed analysts' estimates for fourth-quarter results, reporting a 12 percent drop in adjusted quarterly operating income.

World News