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 […]
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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, […]
Emerging markets attract investors’ interest
Smaller emerging markets’ companies are drawing interest from investors wary of wilder frontier economies but willing to delve deeper into familiar territory in pursuit of returns. Buying shares in firms with market capitalisations of less than $3bn offers a way to tap into economies in which demand from a rising […]
