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.
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.
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.
Colony Financial Inc. and Starwood Property Trust Inc., the U.S. mortgage investors formed two years ago amid an expected surge of distressed debt, are turning to Europe as banks tighten lending and sell real estate loans.
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.
The U.S. Treasury Department, which put $17.2 billion into a bailout of Ally Financial Inc., would prefer a breakup and sale of the lender because an initial public offering may not succeed, according to people familiar with the matter.
Ally Financial Inc., the auto lender majority-owned by taxpayers, received U.S. Treasury Department approval to put its Residential Capital unit into bankruptcy as the government seeks to recover bailout funds.