BROWSE BY TOPIC
Stories of Interest
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
- A Culprit for Financial Site Glitches: You and Your Apps
- Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
- We Must Stop Out-Of-Control Trading or U.S. Capitalist System Will Break Down - Dick Bove
- SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
- BofA CEO Moynihan Got $23Mn Compensation for 2017 – a 15% Pay Raise
- Former Credit Suisse ‘Star’ Gets 5-Year Jail Term For "Clever Fraud"
- FINRA: Perspectives on Customer Arb Award Recovery
- FINRA: Amend Membership App Program to Incentivize Arbitration Award Payments
- Goldman's #2 Allegedly Swindled Out of $1.2Mn of Wine by Assistant
- FINRA Publishes Annual Budget Summary - No Fee Rate Increases for Member Firms
- CFTC Chairman Giancarlo Names Maggie Sklar Senior Counsel
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
CEO Hancock Resigns After Paring AIG Headcount by 10,000
[Photo: by Gloria Baker, AIG
American International Group has begun the search for a new chief executive after Peter Hancock announced he will resign. He will remain until a successor is named. Mr. Hancock, who’s been in the job just over 2 years, had spearheaded a restructuring of the giant insurer, which included reducing the firm’s number of employees by 10,000 in just one year. [See Financialish Article posted 2/27/17]. Unfortunately, AIG’s problems have persisted as the insurer’s net loss widened to $3 billion in the 4th quarter from $1.8 billion one year earlier.
Carl Icahn was pleased to learn of Mr. Hancock’s resignation. Icahn, who’s company Icahn Associates owned about 45 million shares of AIG at the end of the year – making it AIG’s 4th largest shareholder - has been calling for a breakup of the company. For one thing, Icahn had said that a split would help AIG rid itself of the regulatory burden of being a systemically important financial institution.
And we know how Mr. Icahn feels about regulations – particularly those that impact his investments.