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Bank of America annual meeting tries CEO patience

The Bank of America (NYSE: BAC) annual shareholder meeting was pretty much what was expected. Angry shareholders took turns taking whacks at the board and CEO Brian Moynihan. But in the end, all 13 Read more...

Proxy advisor withdraws opposition to Bank of America director

ISS Proxy Advisory Services has pulled an about-face on one of its recommendations regarding the Bank of America board. Previously, it recommended against approving Charles Rossotti, a senior adviser Read more...

The end of bond insurer MBIA?

You have to give MBIA some credit for simply staying alive as a corporate entity in the wake of the financial crisis. Of course, to some that's tantamount to giving Lehman Brothers credit for staying Read more...

Fees from Lehman bankruptcy mount

In its death, Lehman Brothers has proven to be an amazing cash cow for one group: lawyers. The fees have been massive in the United States and the United Kingdom. The fees charged to the U.S. estate Read more...

Kroll to offer credit ratings

We've noted that the credit rating (credit rating agencies news) industry is ever so slowly attracting new competitors. The likes of KPMG (KPMG news) and PricewaterhouseCoopers (PwC news) have Read more...

AIG executives will not be criminally charged

How close did AIG (NYSE: AIG) executives come to being criminally charged in connections with a whole raft of credit defaults swaps (CDS news) that pushed the company to the brink of solvency? The Read more...

KPMG and PwC to enter credit ratings market?

The credit ratings (credit rating agencies news) industry remains a problem in search of a solution, in the eyes of many. The heart of the issue is the inherent conflict posed by the simple facts Read more...

Auditors in spotlight over Madoff scandal

Fairfield Greenwich was one of several firms, serving as middlemen, that placed investor money with Bernie Madoff for a fee. They're starting to point the finger at their auditors. Fairfield Read more...

Lots of intrigue over AIG

The New York Times reports that AIG is "rapidly running through" the $123 billion in emergency lending it has received from the Fed. It has drawn down $90 billion so far, which is prompting a lot of Read more...

Surprise! Hedge funds report often

There are a lot of myths when it comes hedge funds. The most common is that they are secretive and opaque. That's true to some extent. Not want to give away their Read more...

Press Releases

China Xiniya Fashion Limited Announces a Change in Independent Director

XIAMEN, China, Dec. 23, 2011 /PRNewswire-Asia/ -- China Xiniya Fashion Limited ("Xiniya" or the "Company") (NYSE: XNY), a leading provider of men's business casual apparel in China, is pleased to Read more >>

OCTANe Announces Its 6th Annual Medical Device & Investor Forum

Forum Aims to Stimulate Innovation, Funding, Job Growth in OC November 15 - 16 at the Hyatt Regency Irvine ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The 6th annual OCTANe Medical Device & Investor Read more >>

Life Sciences Venture Capital Investing Falls 18% in Q3 2011 from Prior Quarter but Still Shows an Increase of 22% from Q3 2010,

NEW YORK, Nov. 3, 2011 /PRNewswire/ -- Following two quarters of growth, Venture capital (VC) funding in the Life Sciences sector, which includes the Biotechnology and Medical Device industries, fell Read more >>

Marsh & McLennan Companies Recognized by Carbon Disclosure Project for Leadership in Climate Change Disclosure

Carbon Disclosure Project Adds Marsh & McLennan Companies to its Carbon Disclosure Leadership Index NEW YORK--(BUSINESS WIRE)-- Marsh & McLennan Companies, Inc. (NYSE: MMC), a global Read more >>

Life Sciences Venture Capital Investing Leaps 37% in Q2 2011, According to the MoneyTree Report

NEW YORK, Aug. 11, 2011 /PRNewswire/ -- Venture capital (VC) funding in the Life Sciences sector, which includes the Biotechnology and Medical Device industries, leapt 37 percent during the second Read more >>