| Dec 3, 2012
| 3:57 PM
The Hartford Financial Services Group said Monday it has completed its sale of Woodbury Financial Services to American International Group Inc.
The Hartford said in August it reached a deal to sell Woodbury Financial for $115 million — $25...
| Dec 5, 2012
| 2:31 PM
Hurricane Sandy is estimated to cost The Travelers Cos. $650 million after the company accounts for tax and reinsurance.
Reinsurance is insurance for insurers, covering insured costs if the dollar amount reaches a certain level.
Before tax and...
| Nov 12, 2013
| 3:40 AM
WASHINGTON -- President Obama on Tuesday will nominate the Treasury Department official in charge of the $800-billion financial bailout fund to be the next chairman of the Commodity Futures Trading Commission, which oversees the complex derivatives...
| Aug 25, 2013
| 4:31 PM
Sometimes, things are even better the second time around. That's what Steven Udvar-Hazy is hoping.
Nearly 40 years after co-founding International Lease Finance Corp. and pioneering its successful model of buying airplanes and leasing them to airlines,...
| Sep 12, 2013
The Hartford Financial Services Group endured a massive overhaul in the past year and a half that resulted in a smaller company with far fewer employees.
The remaining employees, however, say they enjoy working for a property-casualty and mutual funds...
| Sep 14, 2013
| 7:00 AM
Never let a crisis go to waste, says an old rule of politics.
For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
| Sep 13, 2013
| 11:32 PM
The 2008 financial crisis and its aftermath introduced Americans to a new world of financial jargon and acronyms.
•Subprime: That was the banking industry's designation for mortgages made to borrowers with shaky credit. As the housing...
| Sep 24, 2013
| 2:39 PM
WASHINGTON -- Rep. Elijah E. Cummings, the top-ranking Democrat on the House Committee on Oversight and Government Reform, called for the head of AIG to resign over comments he made comparing outrage over executive bonuses to lynchings that took place...
| 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...