Business Institutions

By Nadia Damouni and Paritosh Bansal May 23 (Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny,...

(Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the...

By Sarah N. Lynch WASHINGTON, May 22 (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric...

Back when Jamie Dimon still lived in Chicago, before he had ascended to the top of New York-based JPMorgan Chase, his Gold Coast home earned a reputation each Halloween as a must-visit destination, drawing trick-or-treaters from well beyond the...

Four area nonprofits will receive support through Irvine-based financial institution First Foundation's Supporting Our Communities initiative, the company announced in a news release. The donations to the Orangewood Children's Foundation, Court...

HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original...

More people live in poverty in Baltimore's suburbs than in the city itself, part of a nationwide shift that is challenging the largely urban assistance network built up over decades. Suburban poverty in the Baltimore area grew 58 percent between 2000 and...

Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis. As poverty mounted throughout the nation over the past decade, the number of poor people living in...

Maryland for years benefited from its close proximity to the nation's capital, but the mandatory federal spending cuts called sequestration will be a drag on the state's economy for the next couple of years, said the president of the Federal Reserve...

Florida officials are cracking down on those who rip off taxpayers by defrauding public-assistance programs — a crime estimated to cost the state as much as $1.35 billion last year. On Tuesday, leaders from the Department of Children and Families...

Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...

SHANGHAI (Reuters) - China's central bank closed a loophole used by non-bank financial institutions to conceal risks hidden in high-yielding but opaque wealth management products (WMPs), according to a statement published on the website of the China...