Mary Jo White, the nominee to head the Securities and Exchange Commission, plans to tell lawmakers on Tuesday that she will bring a “bold and unrelenting” enforcement program to the agency if she is confirmed by the Senate. “Investors and all market participants need to know that the playing field […]
Author: InvestAdvocate
AIG shareholders win class-action status in lawsuit versus U.S.
Two groups of American International Group Inc (AIG.N) shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government’s bailout of the insurer. U.S. Court of Federal Claims Judge Thomas Wheeler […]
Lloyds nets $775 million from St. James’s share sale
Lloyds Banking Group PLC has sold a 20 percent stake in wealth manager St (BSE: STCORP.BO – news) . James‘s Place for 520 million pounds gross ($775 million), in a long-flagged deal that boosts its capital reserves. The state-supported lender has sold 101.7 million shares for 510 pence per share, […]