Inline with his general character, a defiant Dick Fuld Jr. told the federal mission appointed to investigate the causes of the financial crisis that the downtrodden investment bank, Lehman Brothers, which he used to be Chief Executive of, could have lived through the recession had the government ...
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FDIC Chairman Sheila Bair informed former Wachovia Corp. CEO Robert Steel in 2008 that "Wachovia's situation posed a systematic risk" and that he should begin talks with Citigroup (NYSE:C) according to a Bloomberg report, which cited Steel's testimony before the Financial Crisis Inquiry mission. ...
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Taiwanese regulators rejected AIG's (NYSE:AIG) planned $2.15 billion sale of its Taiwan unit, saying the deal failed to ply with regulations on mainland investment, while also citing a lack of insurance experience on the side of the buyers Primus Financial and China Strategic. Taiwan's economic ...
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A consortium of investors led by former Taiwanese diplomat Wang Shih jung are reportedly lining up for a $2.5 billion bid for AIG's (NYSE:AIG) Taiwan unit in the event that the planned $2.2 billion sale to China Strategic and Primus falls through. Wang said $900 million would e from the Japanese ...
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An interesting study demonstrates how we are indoctrinated easily as children. We are told the 'answer' and do not question it from a very early age, we learn to trust authority. Have you ever asked yourself why do I believe that oil is a fossil fuel made up from long deceased dinosaurs which once ...
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the Wall Street Journal reports that Oracle (ORCL) and Hewlett Packard (HPQ) may be among the potential bidders for ArcSight (ARST), and could pay up to $1.5B for the security software maker. Sources said in addition to these panies, EMC (EMC), CA (CA) and IBM (IBM) may be possible ...
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Video mentary about the latest news including the AIG repays bailout money, Mexican drug gang 72 migrant macres, mive drop off in home sales, 60% of Americans are obese, S&P warns that the US could lose AAA status, US death row inmate Troy Davis' innocence claim rejected and jobless claims ...
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American Financial International's (NYSE:AIG) International Lease Finance Corporation (ILFC) announced that it has repaid the $3.9 billion in loans it was offered by the Federal Reserve Bank of New York after it sold $4.4 billion in secured and unsecured notes. The repayment released $10 billion of ...
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ILFC, the aircraft unit owned by American International Group (NYSE:AIG), has repaid close to $4 billion of US loans, reports CNBC.. The principal balance has now been dropped to about $15 billion its lowest level since March 2009.SmarTrend alerted subscribers to take profits in American ...
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This is what's in the news for Monday, August 23rd. the Wall Street Journal reports that International Lease Finance Corp, AIG's (AIG) airplane leasing unit, pleted a $4.4B sale of debt to insutional investors,...Also in the Journal, HSBC (HBC) is reportedly in talks over the possible ...
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