BROWSE BY TOPIC
Stories of Interest
- I Owned Bitcoin For a Weekend and Here's What I Learned
- SEC Appoints New Chair and Board Members to PCAOB
- FINRA, Georgetown Team Up to Deliver 'Certified Regulatory and Compliance Professional' Program
- FINRA Board Meeting - This Week's Agenda
- Statement on Cryptocurrencies and Initial Coin Offerings - SEC Chair Clayton
- Company Halts Initial Coin Offering Over SEC Registration Concerns
- Kevin O'Leary Explains One Big Thing People Don't Understand About Bitcoin (But Need To)
- CME Bitcoin Futures: A Better Way to Buy (or Short) Bitcoin?
- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
- New York Pension Fund Seeks More Pay Disclosure from Wells Fargo
- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
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.