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Cooperative Bankshares gets cease-and-desist order from FDIC Coastal lender Cooperative Bankshares has become the second Wilmington bank in as many months to face a cease-and-desist order from the Federal Deposit Insurance Corp. Biz JournalAIG bonuses are being returned Washington » Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million. The Salt Lake TribuneAIG bonus debacle: What did Congress, White House know, and when? WASHINGTON » Cue the outrage. For months, the Obama administration and members of Congress have known that insurance giant AIG was getting ready to pay huge bonuses while living off government bailouts. The Salt Lake TribuneLiddy offers olive branch to House Edward Liddy, the insurance industry veteran who came out of retirement to run AIG for $1 a year, came to Washington amid a political firestorm over the $170m in bonuses paid to executives who worked in the group's financial products business FTHouse sets up vote on taxing AIG bonuses WASHINGTON (AP) -- Venting their outrage, lawmakers are preparing to slap heavy taxes on employee bonuses at insurance giant AIG and at other companies that have received large bailout packages from the government.... The Arizona RepublicObama blasts AIG bonuses President Obama said Wednesday that no one in his administration had been responsible for supervising ailing insurance giant AIG but that ultimately, the buck stops with him. CNNRate board OKs 24% workers` comp increase The Workers' Compensation Insurance Rating Bureau, an industry-supported advisory group, decided Wednesday to recommend a 24.4 percent July rate increase, roughly the same as earlier indications had suggested. Biz JournalWorkers` comp board seeks 24% increase A state and industry organization that recommends rates for workers' compensation insurance has approved a 24.4 percent increase in the "pure premium," or base rate, starting July 1. Biz JournalAustralian Annual Car Sales Lowest in 7 Years Australian New Motor Vehicle Sales tumbled to a fresh 7-year low, falling -18.6% in the year to February. Passenger vehicle sales fell -3.8% from the previous... Daily FXAustralian Car Sales Fall Again in February (CEP News) - New motor vehicle sales in Australia declined by 3.5% month-over-month in February, compared to an upwardly revised 1.1% decline the month prior. Car sales have been declining steadily since July 2008. Economic News1 2 3 4 5 |
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