AIG sues NY regulator over probe of insurance marketing
NEW YORK (Reuters) – Insurer American International Group Inc on Thursday sued New York regulators to force them to back off a threatened costly enforcement proceeding over possible violations of state law by a former unit.
Former U.S. regulator says Fannie, Freddie investors stand to lose
WASHINGTON (Reuters) – James Lockhart, a former regulator of Fannie Mae and Freddie Mac who is now with private equity firm WL Ross & Co, on Thursday said investors are making “worthless” bets snapping up the stock of the two mortgage finance firms.
KCG paid chief executive Coleman $10.4 million for 2013
NEW YORK (Reuters) – Trading firm KCG Holdings awarded its chief executive, Daniel Coleman, $10.4 million in 2013, the year in which the company was formed by the $1.4 billion takeover of Knight Capital Group by rival Getco, according to a regulatory f…
Coke and investor spar over 2014 compensation plan
LOS ANGELES (Reuters) – Wintergreen Advisers, which says it owns more than 2.5 million shares of Coca-Cola Co on behalf of clients, on Thursday intensified its critique of the proposed 2014 equity compensation plan of the world’s biggest soda maker.
Bank of America near credit card deal with U.S. regulator
WASHINGTON (Reuters) – Bank of America Corp is close to settling with a U.S. consumer regulator over the sale of services sold as add-ons to credit cards, sources familiar with the talks said.
GM boosts truck discounts in April after sales lag Chrysler
DETROIT (Reuters) – General Motors Co again boosted discounts on its full-size Chevrolet Silverado pickups after being outsold in March by Chrysler’s Ram 1500.
Google’s Nest halts home alarm system sales over possible defect
SAN FRANCISCO (Reuters) – Nest Labs Inc, the maker of smart thermostats that Google Inc acquired for $3.2 billion, called a halt to all sales of its smoke alarms on Thursday after it discovered a possible defect that could cause users to turn it off un…
Lloyds to seek bonus awards for top 400 staff: Sky News
(Reuters) – Lloyds Banking Group will seek approval to boost the pay of up to 400 of its most senior staff, Sky News reported late Thursday.
Citigroup names McQuade to lead new Fed application: memo
NEW YORK (Reuters) – Citigroup Inc said on Thursday that Gene McQuade, a senior executive who had planned to retire, is instead remaining to lead the bank’s efforts to win permission from regulators to boost dividends and buy back stock.
Exclusive: UBS fighting proposal to move Puerto Rico bond fund cases
(Reuters) – A unit of UBS AG is objecting to a plan that would allow hundreds of investors who lost money in closed-end Puerto Rico bond funds to arbitrate their claims against the firm on the U.S. mainland, according to people familiar with the matter…
