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American International Group, the government supported insurance and financial services company, has agreed to pay $725 million to settle a securities class-action lawsuit with three Ohio public pension funds.
July 20 -
JPMorgan Chase on Wednesday named Jeff Urwin and Kevin Willsey new co-heads of investment banking for the United States and Canada, according to an internal memo obtained by IDD.
July 15 -
Broker pays $4.9 billion to acquire outsourcing consultancy Hewitt Associates.
July 13 -
The Securities and Exchange Commission has suspended a CPA who was the former senior treasury manager and assistant treasurer at Peregrine Systems, a California enterprise management software company that was charged in 2003 with massive financial fraud.
July 9 -
Prudential CEO to apologize to shareholders, while AIG board and CEO remain at odds.
July 8 -
The Governmental Accounting Standards Board has updated its standards for the reporting of certain financial instruments and external investment pools by government entities.
June 29 -
Mittelman joins the firm from Lime Brokerage, where she specialized in high volume strategies
June 25 -
The Internal Revenue Service is extending some deadlines for sponsors of defined-contribution retirement plans, such as 401(k) plans, that were affected by storms and other severe weather in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia.
June 22 -
The Securities and Exchange Commission Wednesday accused the former owner of Taylor Bean & Whitaker with orchestrating a massive equity and MBS fraud tied to his firm's warehouse borrowings from Colonial Bank, a depository it tried to take control of last summer using Troubled Asset Relief Program (TARP) money.
June 17 -
More than 7.3 million older Americans one out of every five citizens over the age of 65 already have been victimized by a financial swindle, according to a new survey.
June 16 -
An IRS agent has been charged with soliciting and accepting a $9,700 bribe from two business owners in exchange for lowering the amount of taxes they owed.
June 8 -
A federal appeals court ruled against PricewaterhouseCoopers in a long-running bankruptcy case that could now examine whether the firm acted in good faith as the auditor for a defunct hospital system.
June 2 -
The Securities and Exchange Commission and the Financial Industry Regulatory Authority are warning investors to beware of stock scams that promise easy profits from cleanup efforts related to the catastrophic BP oil spill in the Gulf of Mexico.
June 2 -
The Securities and Exchange Commission has appointed Brian T. Croteau as its deputy chief accountant for the Professional Practice Group in the SECs Office of the Chief Accountant.
May 28 -
The Internal Revenue Service has begun mailing out questionnaires to 401(k) plan sponsors to assess compliance with retirement plan regulations.
May 28 -
Nearly three-quarters of senior finance executives expect economic growth to occur over the next 12 months, according to a new survey, and only 10 percent believe economic contraction will take place.
May 12 -
CPA financial executives are optimistic for the first time in two years about the economy, according to a new survey.
May 12