Giant US-based insurer
International Group has recorded its biggest-ever quarterly loss after
taking a $11.12bn (£5.63bn) write-down on investments linked to US sub-prime
The Manchester United shirt sponsor posted a net loss of $5.29bn in the
December quarter compared with a profit result of $3.44bn in the same period
last year, as it was forced to write down guarantees sold to cover fixed-income
The losses stem from write-downs in the value of credit-default swaps as a
result of the US sub-prime mortgage collapse.
They come hard on the heels of a regulatory filing that it was likely to take
a $4.88bn write-down for October and November, prompted by a
PricewaterhouseCoopers finding of a ‘material weakness’ in AIG’s financial
PwC unravels ‘material weakness’ in AIG’s CDS
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements