| Sep 25, 2013
| 10:22 AM
One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
| Apr 5, 2013
| 3:25 PM
The 2012 pay package for Liam E. McGee, chairman and CEO of The Hartford Financial Services Group, was more than double what he received in 2011, according to documents filed Friday afternoon with the U.S. Securities and Exchange Commission.
| Nov 12, 2013
| 7:20 PM
WASHINGTON — President Obama tapped a senior Treasury official to take over as one of Wall Street's top regulators, leading the agency charged with overseeing complex financial derivatives.
Obama said Tuesday he would nominate Timothy Massad to...
| Nov 16, 2013
| 7:31 AM
WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday.
Geithner, who was a major player in the...
| May 3, 2013
| 12:45 PM
I must take issue with letter writer Stanley Glinka's assertion that it was "the policy of forcing banks to give loans to people who could not afford them" that led to our current financial mess ("Stop blaming Bush," May 1).
First of all, we need to...
| Oct 16, 2013
| 2:32 AM
Fighting fires on land has its risks, but tackling blazes on yachts, whether in the water or docked, presents its own challenges.
That's what more than a dozen Fort Lauderdale and Davie firefighters learned Tuesday during specialized marine firefighting...
| May 31, 2013
| 7:44 PM
Insurance giant American International Group Inc.'s attempt at selling its Century City aircraft-leasing company to a consortium of Chinese investors has run into turbulence because a deposit payment was not received on schedule.
AIG revealed in a...
| Jul 12, 2013
| 7:55 AM
WASHINGTON -- Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business.
The Massachusetts Democrat wants...
| Dec 16, 2013
| 7:42 AM
AIG announced Monday it is selling its aircraft-leasing business International Lease Finance Corp. for $5.4 billion in cash and stocks to Netherlands-based AerCap Holdings.
The announced sale comes five years after American International Group first...
| Dec 17, 2013
Insurance giant American International Group Inc. announced it would sell a majority of its Century City aircraft-leasing unit to Netherlands-based AerCap Holdings, in a deal valued at $5.4 billion in cash and stock.
The deal for International Lease...
| Nov 16, 2012
| 4:17 PM
Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks have rushed for the exit.
"We did it as an abundance of caution," said Ed Thomas, president of the parent of Bank of...