Regulators catch Greenberg on tape: 'Push it up a bit'

Article Abstract:

Chief Executive Officer Maurice R. Greenberg of American International Group Inc. of the United States, audiotapes used in management are being introduced in a securities manipulation case. Since disclosure of the investigation shares have decreased nearly 24 percent.

INSURANCE CARRIERS, Legal/Government Regulation, Cases, Insurance industry, American International Group Inc., AIG, Greenberg, Hank (American chief executive officer)

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Bayou transfers set off alarms

Article Abstract:

Bayou Management L.L.C. of the United States and the Chief Executive Officer Sam Israel III are under investigation for securities fraud. The hedge fund sent remaining moneys ($100 million) bounding around the world until seized and returned to investors in Arizona.

Arizona, Investigations

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Marsh Is hoping sale of Putnam buries its woes

Article Abstract:

Marsh & McLennan Cos. of the United States is to divest its subsidiary, Putnam Investments Inc. also of the United States. Power Corporation of Canada is to purchase the mutual fund unit for $3.9 billion.

Acquisitions & mergers, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Canada, Mergers, acquisitions and divestments, Financial services industry, Company acquisition/merger, Power Corporation of Canada, Putnam Investments Inc., Company overview, Financial report

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