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What ING's Insurance Divestment Means to the Bancassurance Model

Insurance
Nov 27, 2009
With ING forced to divest its insurance operations, the long-term viability of the bancassurance model has come under question.

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.
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