Joseph Cassano News
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The U.S. Treasury Department is exiting its equity stake in American International Group Inc. through the final sale of shares acquired as part of a 2008 bailout that swelled to $182.3 billion.
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New York Attorney General Andrew Cuomo reopened his probe of former American International Group Inc. executive Joseph Cassano after federal authorities closed theirs, according to a person familiar with the matter.
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Joseph Cassano , whose bad bets on subprime mortgages pushed American International Group Inc. to the brink of collapse in 2008, will appear before the Financial Crisis Inquiry Commission next week to give his first testimony since leaving the insurer more than two years ago.
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Federal prosecutors won’t bring charges against former American International Group Inc. executive Joseph Cassano related to the insurer’s collapse, according to a person familiar with the investigation.
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Joseph Cassano , whose derivative bets on subprime mortgages drove American International Group Inc. into a U.S. bailout, was paid more than $40 million in 2003 and in 2006.
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Federal prosecutors don’t plan to bring charges against former American International Group Inc. executive Joseph Cassano after a two-year probe of the insurer’s collapse, according to a person familiar with the investigation.
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The U.S. Securities and Exchange Commission has closed an investigation of former American International Group Inc. executive Joseph Cassano, his attorneys said in a statement today.
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Lehman Brothers Holdings Inc. sued JPMorgan Chase & Co. to recover tens of billions of dollars in “lost value,” accusing the bank of precipitating its downfall and preventing it from winding down in an orderly fashion.
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Goldman Sachs Group Inc. made Chief Executive Officer Lloyd Blankfein available for an interview with the Financial Crisis Inquiry Commission and has been more responsive to information requests from the panel, the FCIC’s leaders said.
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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.
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