By Lilla Zuill and Grant McCool
WESTPORT, Conn./NEW YORK, Sept 28 (Reuters) – Joseph Cassano has come home to face the music.
The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States.
Under intensifying investigations by the FBI and other agencies, the 54-year-old Cassano had until recently been living in London.
By Karey Wutkowski
WASHINGTON, Sept 22 (Reuters) – U.S. bank regulators plan to meet next week to propose options for replenishing the insurance fund used to safeguard bank deposits, including tapping a line of credit with the Treasury Department.
WASHINGTON/NEW YORK, Sept 21 (Reuters) – Insurer American International Group Inc’s once-desperate financial state has started to stabilize, a government agency said on Monday, as an influential lawmaker said he would look at easing the terms of the insurer’s federal bailout once more.
LONDON, Sept 21 (Reuters) – Britain’s Labour government will use its upcoming prebudget report to clamp down on tax avoidance, Treasury minister Stephen Timms said on Monday.
By Adam Ta
nner
DUBROVNIK, Croatia (Reuters) – Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American International Group Inc says he’s getting a lot of work done from his massive villa overlooking the Adriatic.
NEW YORK, Aug 17 (Reuters) – The adequacy of AIG’s disclosure on derivatives that drove it to the edge of collapse was questioned by regulators months before the insurer’s federal bailout last September, according to newly released correspondence.
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By Karen Brettell and Jonathan Spicer
NEW YORK, July 29 (Reuters) – LCH.Clearnet plans to offer clearing services for credit default swaps based on European indexes, but is wary about clearing contracts written on the debt of single issuers, Chief Executive Roger Liddell said in an interview on Wednesday.
By Karen Brettell
NEW YORK, July 28 (Reuters) – Efforts to limit speculation with credit default swaps may be ineffective as the large dealers that account for the vast majority of volumes in the market are likely to be exempt from any ban.
By Kevin Dr
awbaugh
WASHINGTON, July 27 (Reuters) – The shape of the U.S. government’s proposed crackdown on the $450-trillion over-the-counter derivatives market became clearer on Monday, with Congress poised to move forward this week on other aspects of a sweeping overhaul of U.S. financial regulation.
