Banking, Finance & Services
State Farm Fire and Casualty Co. refuses to engage in the appraisal process to resolve Hurricane Katrina claims, even though its own policy mandates appraisal on demand when the amount of an insured loss is in dispute.
The EuroZone Profiteers: A CorpWatch Report. Profile of Eurohypo/Commerzbank which was given a â¬18 billion bailout in March 2012. Three months later it began winding down Eurohypo by selling off assets.
While the world's biggest CEOs and politicians gather in Davos, Switzerland to network and negotiate, activists and NGO-workers meet halfway around the world in Porto Alegre, Brazil to imagine other, more humanity-focused possibilities.
The US authorities are expected to unveil a setlement with KMPG over its past sales of allegedly abusive tax avoidance schemes in order to avoid trial.
Morgan Stanley, a major U.S. investment bank, was well aware of the problems in the sub-prime mortgage market as far back as 2005, according to documents just released in a New York court under a lawsuit brought by the China Development Industrial Bank from Taiwan.
Free trade advocates and multinational corporations are pinning their hopes on Robert Zoellick, the United States trade representative, as negotiators from around the two continents gather in Miami for the Free Trade of the Americas talks.
Like almost anything involving Wal-Mart these days, the dispute has less to do with specific legal or regulatory questions than it does with the deep rift the company has opened across the American landscape.
One rich bank (JP Morgan) lost money to a rich hedge fund (Saba). Surely that is a zero sum game: They swap mansions and yachts, their partners swap diamonds and butlers, and it makes no difference to the rest of us. Or are they robbing us?
Deutsche Bank has agreed to pay out a record $2.5 billion fine to settle U.K. and U.S. government investigations into allegations of fixing global interest rates, just months after six other banks paid out $4.3 billion on similar charges. Activists say that the banks should have faced criminal charges.
The Internal Revenue Service is demanding that hedge-fund and private-equity investors disclose hundreds of billions of dollars they have invested offshore, boosting scrutiny of accounts popular for tax advantages.