AIG Promotes Peter Hancock to CEO
Hancock, head of property-casualty, will replace Benmosche Sept. 1.
Citigroup Shares Rise as Profit, Revenue Beat Estimates
Citigroup Inc. rose as much as 4.6%, the most in more than 15 months, after the bank posted a surprise increase in first-quarter profit and revenue.
When Boomers Face Separate Retirements: Dos and Don’ts
When one spouse retires, willingly or not, many couples have to live different lives and face changes in their financial, social and emotional circumstances.
Banker Deaths Worry Industry as Coroners Probe
London coroners are preparing to investigate two apparent suicides as unexpected deaths around the world have raised concerns about mental health in the finance industry.
SEC Enforcement: Goldman’s ‘Fabulous Fab’ Ordered to Pay More Than $825,000
In other financial enforcement news, two brothers charged by the SEC with insider trading last June were found guilty by a jury.
Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
Ex-Schwab, Fidelity Exec: Be Careful Whom You Trust
Tim McCarthy talked to ThinkAdvisor about being president of Schwab and Fidelity, revamping struggling Asian firms and the good things Bernie Madoff did.
Uncertainty Prevails in Bank Sector as Q4 Earnings Season Kicks Off
Some analysts expect the major banks to have "sluggish" earnings, but others see the market momentum as working in their favor.
National Companies Step In as Banks Exit Commodities Markets
Thanks to regulatory changes, the departure from commodities markets has opened the door for national companies to enter. But those aren't the only changes afoot.
Gap Between Two Koreas Widens With Trade Leader Purge, Brokerage Plans
North Korea executes key trade negotiator as South Korea aims for "Korean Goldman Sachs"