Joseph Cassano


Joseph Cassano News

  • JPMorgan Deal Offers Turning Point for Eric Holder

    The Justice Department’s $13 billion mortgage securities settlement with JPMorgan Chase & Co. is a record and also a rarity -- Attorney General Eric Holder’s first big win against a bank at the heart of 2008’s financial crisis.

  • Cuomo Reopens Probe of AIG's Cassano After U.S. Ends Its Case

    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.

  • Cassano, Goldman's Cohn to Testify at Crisis Panel's Derivatives Hearing

    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.

  • Former AIG Executive Cassano Said Not to Face Charges in Insurer's Failure

    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.

  • When Bailouts Make Moral and Economic Sense

    Effective or not, bailouts somehow seem unjust. Why use taxpayer money to save the companies that actually caused the meltdown, the banks that made the reckless loans, and insurance companies that wrote too many credit- default swaps? More broadly, why save the state and local governments that offered overly generous pensions? Or auto companies too fat and lazy to match foreign competitors? They deserve to suffer the consequences of their behavior.

  • Cassano’s Pay at AIG Peaked at $44.6 Million in 2003

    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.

  • Galleon, JPMorgan, Goldman, Fannie, Freddie: Compliance

    G. Robert Blakey, the law professor who helped draft the U.S. wiretap statute, may submit a brief supporting imprisoned hedge fund manager Raj Rajaratnam’s effort to overturn his conviction for insider trading, a U.S. appeals court ruled.

  • U.S. Subprime Hunt Targets Goldman Sachs, May Skip AIG's Cassano: Timeline

    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.

  • Nuveen Funds Sue AIG, Executives for Securities Fraud

    Twenty-five Nuveen Investments Inc. funds sued American International Group Inc., claiming the company and executives committed securities fraud leading to the U.S. financial crisis that intensified in 2008.

  • SEC Drops Inquiry of Ex-AIG Executive Joseph Cassano, His Attorneys Say

    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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