State and local pensions struggling after years of underfunding and weak investment returns may look even worse under new rules that will limit accounting techniques that hide the extent of liabilities.
High-frequency trading firms are drawing scrutiny from U.S. regulators seeking evidence that they may be distorting market prices by conducting transactions with themselves, said two people with knowledge of the matter.
Four former executives at General Reinsurance Corp. and one at American International Group Inc., facing a retrial on accounting fraud charges, reached a resolution of the criminal case, according to a court filing.
Four former General Reinsurance Corp. executives and one at American International Group Inc. are in talks with prosecutors to resolve criminal charges that they defrauded investors, according to a court filing.
A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
HSBC Holdings Plc received requests for information from regulators and prosecutors in the U.K., U.S. and European Union as part of an investigation into whether the London Interbank Offered Rate, or Libor, was manipulated.
The judge presiding over New York State’s suit against Maurice “Hank” Greenberg , the former American International Group Inc. chief executive officer, said he won’t leave the case as Greenberg asked, citing an appeal court’s stay of the trial.
Maurice “Hank” Greenberg , American International Group Inc. ’s former chief executive, lost a bid to throw out a suit by New York that alleges a fraudulent insurance transaction with Warren Buffett ’s General Reinsurance Corp.