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Russia strikes again? FBI investigating if breach is in retaliation of U.S.-imposed sanctions on Russia

Russia strikes again? FBI investigating if breach is in retaliation of U.S.-imposed sanctions on Russia

U.S. banks reported Q2 profits as lenders cut costs to offset a decline in trading income.

American International Group Inc. Chairman Steve Miller said lawmakers should bring U.S. corporate tax rates in line with other nations to halt firms from switching their legal address to cut obligations.

AIGs Peter Hancock will get a compensation package of $11.8 million a year as the insurers new chief executive officer.

American International Group Inc. and Prudential Financial Inc. told regulators they could divest units and halt policy sales to avoid taking a bailout in a future crisis.

ING Groep NV raised $2.1 billion from the sale of shares in its insurer NN Group NV, the second-biggest initial public offering in Europe this year.

ING Groep NV is likely to price shares in its European insurance unit at 20 euros apiece, making it the third-biggest initial public offering in Europe this year.