Insurers and regulators are still unsure after recent proposals were made on the regulation of life insurance products.
Legal & Regulatory
China's Cash Shortage Stretching Communist Party Leadership
The contraction of the economy and cash shortages have been stretching the management abilities of the newly installed leadership of the Chinese Communist Party.
Fed Reserve Remarks Causes Fall in Worldwide Financial Markets
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Fed Frees Money, Asian Markets Buckle Badly
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
Swedish banks' capital strength riskier than expected
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
Latest News
Stephen Poloz, new central bank chief for Bank of Canada said on Wednesday that the bank can no longer rely on its usual models to assess the economy.
The US economy remained stuck at a sluggish pace after the Federal Reserve chairman suggested the US central bank was prepared to reduce its bond acquisitions.
Lloyds Banking Group must plug a capital shortfall of GBP8.6 billion after Britain's banking regulator announced new rulings on Thursday.
John Mattera, former hedge fund manager of Praetorian Global Fund Ltd. was sentenced 11 years of imprisonment after pleading guilty to Facebook and Groupon scam.
On Friday, UBS AG surrendered its banking license in India after battling several allegations of money laundering.
Sky Deutschland's supervisory board will be joined by James Murdoch, causing the shares of the company to fall.
Both antitrust regulators on both sides of the pond approved the sale of 49% of Virgin Atlantic to Delta Airlines.
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
PricewaterhouseCooper, the administrators over the Lehman Brothers Europe post 2008, has announced the payout of a partial sum for unsecured creditors.
