Seven men, including fund managers and analysts, were charged by the U.S. with forming a “criminal club” of friends and co-workers who reaped almost $62 million from insider trading in Dell Inc. shares.
U.S. Treasury Department software used to track federal collections and payments was stolen by a government contractor’s employee who worked at the Federal Reserve Bank of New York, federal prosecutors said.
American International Group Inc., the insurer that bristled at U.S. pay curbs, is nearing an end to Treasury Department compensation limits as Chief Executive Officer Robert Benmosche winds down a taxpayer bailout.
American International Group Inc. shares were priced at $32.50 each in an offering by the U.S. Treasury Department as the government winds down a stake acquired in a bailout of the insurer, according to two people familiar with the sale.
Ally Financial Inc. , the auto and home lender preparing for an initial public offering, delayed plans to start marketing the IPO until equity markets improve, according to a person familiar with the plans.
Ally Financial Inc., the auto lender 74 percent owned by U.S. taxpayers, added Henry S. Miller and Gerald Greenwald to its board after the Treasury Department exercised its right to name two directors.