News

Doing business in Asia is very different from the United States or Europe in both cultural and business terms, and understanding that difference can avoid personal embarrassment or imprisonment.

Doing business in Asia is very different from the United States or Europe in both cultural and business terms, and understanding that difference can avoid personal embarrassment or imprisonment.

The Federal Reserve Bank of New York announced late Wednesday that it is exploring the sale of collateralized debt obligations originally owned by AIGs troubled Financial Products Group.

The Federal Reserve Bank of New York announced late Wednesday that it is exploring the sale of collateralized debt obligations originally owned by AIGs troubled Financial Products Group.

Moodys Investors Service gave a thumbs up to mortgage insurer Radian Guarantys plan to enter into a quota-share-reinsurance agreement, but the ratings agency still downgraded Radian Groups senior-debt rating due to constrained liquidity.

Insurance agents selling flood-insurance policies will no longer be allowed to cede a portion of their commissions to property owners to induce them to purchase insurance, a practice known as insurance rebating.