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Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Stock futures pointed to a slightly higher open for equities Friday after declines in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all up 0.2 percent.

American International Group Chief Executive Robert Benmosche has complained to senior executives at investment banks about the unfavorable research of the insurer's stock, the Wall Street Journal said, citing people familiar with the matter.

New York City is prepared to shut down its entire mass transit system if necessary Saturday as it braces for Hurricane Irene, officials said Thursday.

In the annals of natural disasters, it doesn't get much worse than a major hurricane directly striking New York City and Long Island.

Central bankers and economists from around the globe will once again flock to the Federal Reserve's annual gathering in Wyoming this week, and once again will meet against the backdrop of volatile markets and the prospect of further Fed support for a struggling U.S. economy.

Two former Marsh & McLennan Cos. executives, who had insurance-fraud charges against them dropped, sued former NY governor, Eliot Spitzer, with two multimillion dollar libel lawsuits over a column Spitzer wrote in Slate magazine.

Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG's 2008 near-collapse.

The 2010 U.S. Health Care Reform Act will likely be decided by the U.S. Supreme Court in 2012, in a case that pits individual liberties concerns versus the U.S. Government?s authority to limit public health care costs via universal insurance. If the court hears the case by the spring 2012, it could issue a ruling in June 2012.

Bank of America Corp was sued by American International Group Inc for more than $10 billion over an alleged massive fraud on mortgage debt, causing the bank's shares to tumble 22.8 percent amid worries it cannot manage a deepening litigation morass.

Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.

American International Group Inc is suing Bank of America Corp to recover more than $10 billion over a "massive fraud" on mortgage debt, deepening the litigation morass facing the largest U.S. bank.

Bank of America's stock tumbled Monday, down 16 percent as investors reacted to a lawsuit filed against the bank by AIG.

U.S. insurance giant American International Group is planning to sue Bank of America to recover more than $10 billion in losses on $28 billion of investment in mortgage-backed securities, the New York Times said citing three people with knowledge of the complaint.

Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that industry struggles with rising claims, AIG's chief executive said on Friday.

A court has given preliminary approval to a deal settling claims that American International Group Inc under-reported its workers' compensation market share to get out of tax obligations.

Treasury Secretary Timothy Geithner, while head of the New York Federal Reserve Bank, granted a waiver that allowed his eventual successor William Dudley to hold on to investments in firms getting emergency help.

New York Federal Reserve Bank President William Dudley received a waiver allowing him to keep investments in firms the Fed was rescuing at the height of the financial crisis when he was a top staffer, a congressional watchdog agency found.

American International Group plans to replace one or more Wall Street banks in its next sale of shares from the U.S. government, The Wall Street Journal reported on Sunday.

Shares of American International Group Inc fell 4 percent on Wednesday as investors recognized that the U.S. government's exit from the insurer could take a long time.

Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.

The U.S. Treasury made a small profit when it sold a portion of its shares in American International Group Inc on Tuesday, but it was unclear how its investment in the beleaguered insurer will ultimately fare.

The Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc, according to an early litmus test of market interest in the firm's stock.

The Treasury, which owns 92 percent of American International Group Inc , is set to eke out a tiny profit as it sells its first batch of shares in the bailed-out insurer.

The U.S. Treasury will take the first step toward exiting its 92 percent stake in American International Group Inc on Tuesday when the insurer prices its stock offering.