A Northbrook, Ill.-based insurer sued Goldman Sachs and its affiliates for allegedly selling the insurer more than $123 million in securities backed by poor-quality mortgages between 2006 and 2007.

The U.S. Securities and Exchange Commission is investigating more cases resulting from the financial crisis, according to its chairwoman, who said the Dodd-Frank financial services reform bill passed this week will help.

Having survived a scandal of its own, American International Group may be dropping one of its long-term partners under intense scrutiny by federal authorities.

Six months ago, Insphere Insurance Solutions announced plans to become the largest independent career agent distribution group. On Jan. 21, the Dallas/Ft. Worth, Texas-based company announced it has commenced operations with a force of 2,200 agents and offices in more than 40 states.

Lawmakers are making allegations that Federal Reserve Chairman Ben Bernanke’s $182 billion bailout of AIG was s backdoor bailout of Goldman Sachs and other banks.

Bernanke is defending his actions and …  Read →

A House committee has scheduled a hearing to examine the Federal Reserve Bank of New York’s possible role in prohibiting public disclosure of some of the details of the taxpayer bailout of American International Group.

There are a number of sites and bloggers who are looking into their crystal ball and trying to predict what will happen in the insurance industry this year.

Many of them …  Read →

All forms of investment took a beating in 2009, but news that Goldman Sachs is discontinuing its life settlement index does not bode well for that sector.

Some say that Goldman …  Read →

Goldman Sachs, the venerable Wall Street investment banking firm, is getting heat from at least one of its clients over its current compensation practices.

In response to reported compensation and bonuses …  Read →

Five people, including a former investment banker at Goldman Sachs & Co., were charged with tipping or trading on confidential information with respect to the sale last year of Safeco …  Read →