All Risk News articles – Page 267
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Morgan Stanley downgraded on poor risk controls
Moody’s downgraded the investment bank by one notch
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AIRMIC backs block exemption
Trade body calls on EU to extend insurers’ exemption from certain competition rules
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UBS to return ARS money to investors
The SEC has reached an agreement with the Swiss bank to return $22bn to customers
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RMS updates flood and earthquake models
More details on UK inland flood risk and earthquake risk for Western Europe
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BSI publishes whistleblowing code
New guidelines available for the introduction of whistleblowing arrangements
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Connecticut sues Countrywide over subprime loans
The state seeks restitution as well as fines for pushing unaffordable home loans
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Peru welcomed into investment club
The OECD has recognised Peru’s efforts to reform investment policy
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Soft market continues despite lower earnings: RIMS
Heading into the hurricane season, average property premiums plummet, say North American risk managers
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Union protests over sacked workers
Postal workers went on strike in Bristol in a protest against three sacked workers
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Subprime leads to growth in class actions
Stock market volatility led to higher securities class action filings in the first Half of 2008
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Lawyers file class action against IndyMac
CEO and CFO misled shareholders about financial condition of the bank, alleges suit
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Oil majors identify key risks
Gap between the importance of key risks and how well they are managed, finds survey
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Connecticut sues rating agencies
Moody’s, Fitch and S&P allegedly gave cities low ratings that cost taxpayers millions in bond insurance
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UK insolvency rate jumps
The number of companies put into administration in the UK has lept 60%
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Businesses can stockpile pandemic treatment
A programme to reserve supplies of antiviral medication in the event of a pandemic is on offer to UK employers
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Eurozone confidence slides
European economic fears grow with drop in commercial confidence
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Union membership drops slightly in 2007
Overall trade union density in the UK has now fallen 4.5 %
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FSA swoops on City bankers
Arrests eight individuals as part of crackdown on insider trading rings
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Apex Oil ordered to perform $150m cleanup
Company must remove soil and groundwater pollution from Hartford refinery