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American Financial Group latest news:
BRIEF-Atlantic American appoints J. Ross Franklin as CFO
Atlantic American Corp(AAME): * Says appointed J. Ross Franklin as vice president and chief financial officer - SEC filing Source text: Further company coverage:
Bunge, Grupo Minsa terminate share subscription agreement
U.S. agricultural trader Bunge Ltd (BG) said on Friday its North American operating unit has agreed to terminate a share subscription agreement with Mexico's Grupo Minsa SAB de CV. The share subscription agreement would have given Bunge North America a controlling financial interest in Minsa.
BRIEF-North American Nickel appoints CFO and retains chief geologist
* North American Nickel appoints chief financial officer and
retains chief geologist
BRIEF-American Financial Group announces notice of redemption of 9-7/8pct senior notes
* American Financial Group Inc announces notice of
9-7/8pct senior notes
Americans' Top 10 financial goals -- and why some of them are shocking
According to a NerdWallet study, here are Americans' most pressing financial goals over the next 10 years.
Senate Kills Rule On Class Action Lawsuits Against Financial Firms
Vice President Pence cast the tie-breaking vote last night in the Senate to repeal a rule that made it easier for Americans to sue their banks and credit card companies for wrongdoing. Wiping out the rule affects tens of millions of Americans who will be sent to arbitration on disputes over a credit card, checking account or prepaid card. It also dismantles the work of the Consumer Financial Protection Bureau, which has been working on this for years.
American Express CEO Kenneth Chenault to retire next year
Kenneth Chenault, one of the most prominent black businessmen and long-time chairman and CEO of American Express, will retire in early 2018; led company through financial crisis and 9/11 attacks
Forget the white picket fence, is this today's American Dream?
Economic uncertainty has many Americans feeling increasingly unstable about their financial future, which includes retirement.
BRIEF-American Financial announces initial $105 mln pretax loss estimate for Q3 catastrophe events
* American Financial Group, Inc. announces initial $105
million pretax loss estimate for third quarter catastrophe
Fed's Yellen says AIG's threat to stability is reduced after downsizing
WASHINGTON (Reuters) - American International Group Inc poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of releasing the company from stricter oversight.
AIG no longer a threat to U.S. financial stability, FSOC says
Shares of American International Group Inc. advanced in the extended session Friday after the Treasury Department's Financial Stability Oversight Council said the insurer no longer posed a threat to U.S. financial stability. AIG shares rose 1.7% to $62.45 after hours. The council voted six to three that AIG was no longer a risk to financial stability. Under the Dodd-Frank Act, the FSOC determined in July 2013 that "material financial distress" at AIG "could pose a threat to U.S. financial stability" and should be subject to supervision by the Federal Reserve.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
U.S. regulatory council votes to remove AIG's systemically risky label
WASHINGTON, Sept 29 (Reuters) - A panel of top U.S.
financial regulators voted on Friday to remove stricter
regulatory oversight from American International Group,
determining the insurance giant is no longer critical to the
health of the global financial system.
FSOC discussed designation of a systemically important institution
The Financial Stability Oversight Council said Friday it discussed the ongoing annual reevaluation of its designation of a nonbank financial company -- in all likelihood, a reference to American International Group , as media reports suggested the group of regulators would ahead of the meeting. The FSOC didn't say what, if anything, was decided. If the FSOC ruled that AIG was no longer a systemically important financial institution, the insurer would no longer be subject to federal oversight via the Federal Reserve. AIG was bailed out by the federal government during the financial crisis of 2008.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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