the-mandate
Judge takes over questioning ex-AIG chief Hank Greenberg
September 30, 2016 by creative · Leave a Comment
The New York judge weighing whether ex-AIG chief Maurice “Hank” Greenberg should be liable for accounting fraud on Thursday pressed the 91-year-old executive about why AIG had created an offshore entity for losses from a failed automotive warranty program. Greenberg was on the stand for the third day for allegedly engineering the offshore entity, known as Capco, to hide $200 million in underwriting losses from shareholders. The transaction is one of two at the heart of a 2005 case against…
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Judge takes over questioning ex-AIG chief Hank Greenberg
the-mandate
Goldman feels the heat in Asia as IPO engine slows
September 30, 2016 by elegant · Leave a Comment
By Denny Thomas and Sumeet Chatterjee HONG KONG (Reuters) – Goldman Sachs failed to make it to the upper echelon of Asia's equity market fee earners for the first time in more than a decade, hit by a squeeze in fees that is prompting the U.S. bank to cut back jobs in the region. Goldman has shared dominance of the Asia Pacific equity capital market arena with UBS and Morgan Stanley since clinching the mandate for China's first privatisation in 1997.
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Goldman feels the heat in Asia as IPO engine slows