investment banking

• Judge: Bank of America CEO Moynihan Must Testify in MBIA Lawsuit

  By Reuters  |  April 13, 2012

  A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities.

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  Targeting the 1 Percent

  By Laura Mazzuca Toops, PropertyCasualty360.com  |  March 15, 2012

  On Greg Smith, Goldman Sachs, and customers as "muppets."

• Is It Time to Privatize Citizens?

  By Joan E. Collier, PropertyCasualty360.com  |  July 18, 2011

  The idea to privatize Citizens Property Insurance Corp., tossed out at a recent board of governors’ meeting, continues to draw attention.

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  Investment Firm Gives Personal Lines Insurers Thumbs Up

  By Mark E. Ruquet, PropertyCasualty360.com  |  July 7, 2011

  In this turbulent economic environment, personal-lines insurers have the edge over their commercial-lines counterparts and are a more attractive place for investors, according to a recent report.

• Contrarian Style Still In Place At Rebranded Crum & Forster Specialty Ops

  By Susanne Sclafane, PropertyCasualty360.com  |  June 17, 2011

  For the CEO of Crum & Forster, Doug Libby, there is little not to like about the $294 million deal that adds First Mercury Financial Corp. to his group’s specialty-insurance operations. Libby sat down with NU for an exclusive …

• Thinking Outside The Box Sets Rebranded Crum & Forster Specialty Ops Apart

  By Susanne Sclafane, PropertyCasualty360.com  |  June 17, 2011

  For the CEO of Crum & Forster, Doug Libby, who voluntarily describes himself as “a contrarian,” there is little not to like about the $294 million deal, closed in February, that adds First Mercury Financial Corp. to his group’s specialty-insurance operations.

• U.S. RE Joins With Major Broker In China

  By Staff Writer  |  June 13, 2011

  International financial services and reinsurance brokerage firm, U.S. RE Companies, Inc., says it has joined with one of China’s leading brokers, Shanghai Transceed Insurance Brokers Co., Ltd.

• Drop In AIG Shares Dims Odds Of Recouping Bailout

  By Daniel Wagner, Associated Press  |  May 26, 2011

  Investors got a chance this week to weigh in on the government's odds of recouping the full $182 billion bailout of American International Group Inc. The response so far: Don't count on it.

• Insurance Linked Securities Show Growing Interest

  By NU Online News Service  |  January 17, 2011

  Last year was an active one for insurance linked securities as placements for 2010 rose 28 percent over the previous year, according to a report by Aon Benfield Securities.

• Accounting Changes Could Make Radical Difference For Insurers

  By Arthur D. Postal, PropertyCasualty360.com  |  January 10, 2011

  Proposed changes in U.S. accounting standards aimed at bringing them in line with those used by European firms would "radically transform" the accounting methodology used by property and casualty and life insurers.