Financial Crisis News

Stock broker BTIG adds 4 staff in Australia

SYDNEY, Nov 17 (Reuters) - BTIG, a U.S.-based institutional stock broker, has hired four more senior staff to boost its Australian operations, the company said in a statement on Tuesday, taking its total head-count in the country to 11.

CORRECTED - CORRECTED-UPDATE 1-S.Korea Samsung Life aiming for H1 2010 IPO

(Corrects seventh paragraph to replace Goldman with Credit Suisse for Korea Life's IPO mandate)

Italy seeks derivatives trial for banks-sources

MILAN, Nov 12 (Reuters) - An Italian prosecutor asked that four banks and 13 people be tried for aggravated fraud over derivatives from a 1.68 billion euro bond by the city of Milan, a court source said on Thursday.

Longfor raises $912 mln in HK IPO-source

HONG KONG, Nov 12 (Reuters) - Chinese property developer Longfor Properties Co raised US$912 million when it priced its Hong Kong initial public offering at the top end of an indicated range, a source familiar with the deal said on Thursday.

AIG's Benmosche "totally committed" to company

NEW YORK (Reuters) - American International Group Inc <AIG.N> Chief Executive Robert Benmosche said on Wednesday he remains "totally committed" to staying at the company, countering an earlier report that he was considering stepping down.

AIG CEO tells employees he plans to remain CEO

AIG CEO Robert Benmosches says he plans to stay in his job at the embattled insurer.

US STOCKS-Wall St advances on overseas factory data, stimulus

Report: AIG CEO ready to quit over pay constraints

After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.

Jury acquits ex-Bear Stearns hedge fund managers

* Cioffi, Tannin were charged with fraud, conspiracy

MBIA, Beazer, AIG, Electronic Arts are big movers

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:

A look at some checking account terms

Citibank says it will start charging a $7.50 monthly fee on Access and EZ checking accounts unless customers maintain a $1,500 balance.

Bezeq Telecom shareholder sells remaining 6.9 pct

TEL AVIV, Nov 8 (Reuters) - The receiver holding Zeevi Communications' minority stake in Bezeq Israel Telecom <BEZQ.TA> reached an agreement with UBS to sell its remaining 6.94 percent stake in Bezeq for 1.53 billion shekels ($406.9 million), the company said on Sunday.

Fla. yacht broker gets 2 months prison in UBS case

A Florida yacht broker who admitted filing a false U.S. tax return and concealing millions of dollars in a secret account at Swiss bank UBS AG was sentenced Friday to two months in prison.

CORRECTED - CORRECTED-DEALTALK-Even distressed sellers in Asia get top price

(Corrects paragraph 7 to show one buyer for ING Swiss assets)

Korea Life may raise around $2 bln in IPO-sources

* Valued at $10 bln, plans 20 pct public float-sources

Greenberg: No signs of slowing down after 50 years

When Maurice "Hank" Greenberg has been in the news during the past five years, the story usually has been about AIG, the company he built into an insurance conglomerate and headed until his ouster in 2005.