All Breaking News articles – Page 42
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Online onlyEurope agrees to regulate rating agencies
Europe has agreed a plan to supervise credit rating agencies
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Online onlyEastern Europe in deep crisis
European Union leaders rejected a multi-billion dollar rescue plan for Eastern Europe which is facing a deep economic crisis
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AIG UK hived off following parent company's $61.7bn loss
AIG announces 2008 results and massive corporate restructuring
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AIG reports $61.7bn Q4 loss
Represents the largest loss ever in American corporate history
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Managing risk crucial to surviving recession
A new report highlights the key risks companies face as the global economy slows
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Banks urged to grasp risk management
Only 42 % of banking execs plan to undertake fundamental changes to risk processes, says survey
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Online onlyPoland struggles with foreign debt
Poland has estimated external bills of $100bn, says JLT
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Online onlyCourt of Appeal ends Names litigation
Court found that Names’ application for appeal was ‘totally without merit’
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Online onlyAXA CS weathers the financial storm
Turnover and operating profit both increase but combined ratio tops 100%
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Credit insurers take over from rating agencies
Insurers are better than rating agencies at determining companies’ credit worthiness, says Aon
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Online onlyFatality forces BHP to suspend mine
The death of a contractor forces the global miner to suspend operations at Blackwater coal mine
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Online onlyAustralia wildfires return
Eight fires have broken out in the Australian state of Victoria
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Marsh settles bid rigging suit for $88m
Lawsuit stems from bid-rigging allegations dating back to 2004
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Interviews
Risk managers are ignored
Audit and compliance professionals feel they do not have the influence to manage risk properly
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BAE arranges 5 year programme through Aon
First private sector business to adopt Aon’s aligned long term programme
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Online only52,000 UBS customers hid accounts from IRS
US authorities have demanded to see the identities of US customers with secret Swiss accounts holding about $14.8bn in assets
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Online only$10m mortgage fraud scam unearthed
Defendants are accused of obtaining more than two dozen subprime mortgages fraudulently
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Online onlyXL to remain in ‘practically all’ lines: McGavick
Staff eliminations and business cutbacks are efforts to prevent XL entering a downward spiral
