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AIG, Greenberg and Smith Resolve Disputes

Insurance
Nov 26, 2009
Under the terms of the settlement, the parties have agreed to release each other from all claims, including any claims by Greenberg and Smith against AIG for indemnification of future legal fees and expenses or settlement costs.

FSA Fines Nomura $2.9 Million For Inadequate Derivatives Controls

Trading
Nov 24, 2009
Nomura International has been fined $2.9 million by the FSA for systems and controls failings around book marking within its International Equity Derivatives business.

Novarica: More Insurance Software M&A in 2010

Insurance
Nov 24, 2009
Renewed M&A activity in the insurance software space in the latter half of 2009 presages a plethora of deals in the coming year, according to a new report by the New York-based research and advisory firm.
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Trade Bank of Iraq Enters FX Community via Thomson Reuters Dealing

TBI is the first bank in Iraq to connect to the international FX community using Thomson Reuters Dealing trading service.

South Africa's PIC Live on Charles River Investment Management System

PIC has become one of the largest fixed income and money market investment managers in Africa, with approximately $100 billion in assets under management.

FDIC Insurance Fund for Bank Deposits Turns Red

An increase in U.S. bank failures put the federal fund that guarantees consumer deposits in the red in the third quarter, a report released Tuesday said.

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