Topic: Financial Services Sector
Obama pledges to push for robust financial reform
Reuters US Online Report Politics News
WASHINGTON (Reuters) - U.S. President Barack Obama on Monday welcomed the legislation for sweeping overhaul of the financial system unveiled by Senate Banking Committee Chairman Christopher Dodd and promised to fight any efforts to water it down. "This proposal provides a strong foundation to build a safer financial system," Obama ...
Ex-AIG employees might sue over lower payouts
Reuters US Online Report Business News
NEW YORK (Reuters) - Several former American International Group Inc <AIG.N> employees might sue the insurer after it gave them less retention bonus money than they should have received, their lawyers said on Monday. AIG is holding back $21 million from retention bonuses for current and former employees ...
German banks back new stabilization fund
AP News
German banks' association backs privately funded stabilization fund for futureA group representing German banks says it would support a privately-funded but state-controlled stabilization fund that could intervene in the future to rescue or wind up troubled lenders. The Association of German Banks said Monday that it could be developed from ...
Calvin Klein owner buys Tommy Hilfiger brand
AFP Global Edition
The company behind Calvin Klein has bought fellow US fashion brand Tommy Hilfiger for 2.2 billion euros (3.0 billion dollars), Hilfiger's current owner said in a statement on Monday. "Funds advised by Apax Partners today announced a definitive agreement to sell Tommy Hilfiger Group ... to Phillips-Van Heusen ...
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