Lucy Fato
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Lucy Fato
Luciana "Lucy" Fato (born 1966) is an American corporate attorney. She has been general counsel at AIG since October 2017. Prior to joining AIG, her positions included nine years as deputy general counsel at Marsh & McLennan Companies, and a year as general counsel at McGraw Hill Financial (now S&P Global) settling high-profile securities-ratings lawsuits against Standard & Poor's Ratings Services from the Department of Justice, the Securities and Exchange Commission, and numerous state attorneys general. Early life and education Fato was born in Pittsburgh, Pennsylvania in 1966. She attended The Ellis School in Pittsburgh, graduating in 1984. She received a BA in business and economics from the University of Pittsburgh in 1988, and a JD from the University of Pittsburgh School of Law in 1991. Career Davis Polk & Wardwell Fato began her legal career in 1991 at the law firm Davis Polk & Wardwell in New York City. In 2000 she was elected a corporate partner in the capital markets d ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation (Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companies with ...
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Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ...
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Brian Duperreault
Brian Charles Duperreault (born May 8, 1947) is a Bermuda-born American executive in the insurance industry. He is executive chairman and former CEO of American International Group. Duperreault's entire career has been in the insurance industry, beginning in 1973 as an actuary at AIG. He quickly rose through the ranks to become one of AIG's most senior executives, eventually heading all of AIG's international operations. He was regarded as a likely successor to CEO Hank Greenberg, but as Greenberg showed no signs of retiring Duperreault left AIG in 1994 to head ACE Limited, a boutique specialty-insurance company based in Bermuda. During his 10 years as chairman and CEO of ACE Limited, Duperreault transformed it into global multi-line insurance and reinsurance powerhouse. This also helped to transform Bermuda from an island nation with a small, reinsurance-focused market into a global insurance center. After retiring in 2006, upon request Duperreault came out of retirement in Ja ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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Peter York Solmssen
Peter Y. Solmssen (born in 1955 in Philadelphia, PA) is an American lawyer and business executive who served as general counsel of Siemens AG, the German engineering company, until November 2013. Solmssen was the first American member of its managing board (Vorstand), and was also responsible for the company's operations in North and South America. Solmssen is best known for having negotiated the first internationally coordinated settlement of multiple foreign bribery prosecutions and for leading a global campaign against bribery. That work began during his tenure at Siemens and continues. He co-authored a Report to the Secretary General of the OECD entitled ''On Combating Corruption and Fostering Integrity'' (March 2017), and together with Tina Soreide, founded and led a network of lawyers, academics, NGOs and former and serving prosecutors called the Recommendation 6 Network. The Network’s mission was completed when the OECD published its Recommendation of the Council for Furthe ...
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MarketWatch
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with ''The Wall Street Journal'' and ''Barron's'', it is a subsidiary of Dow Jones & Company, a property of News Corp. History The company was conceived as DBC Online by Data Broadcasting Corp. in the fall of 1995. The marketwatch.com domain name was registered on July 30, 1997. The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News run by Larry Kramer and with Thom Calandra as editor-in-chief. In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief. In January 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $17 per share, the stock traded as high as $130 per share on its first day of trading, giving it a market capitalization of over $1 billion despite only $7 million in annual revenues. In June 2000, the company formed a j ...
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Robins Kaplan LLP
Robins Kaplan LLP is an American law firm headquartered in Minneapolis, Minnesota. Founded in 1938 as Robins & Davis, the firm is active in trial work in intellectual property, business litigation, antitrust, entertainment and media law, and mass tort A mass tort is a civil action involving numerous plaintiffs against one or a few defendants in state or federal court. The lawsuits arise out of the defendants causing numerous injuries through the same or similar act of harm (e.g. a prescription dr .... Robins Kaplan is one of the 350 largest law firms in the U.S. by size and one of the 200 top firms in the U.S. based on revenue. References External links * {{DEFAULTSORT:Robins Kaplan LLP Law firms established in 1938 Law firms based in Minneapolis ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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Mortgage-backed Securities
A mortgage-backed security (MBS) is a type of asset-backed security (an 'instrument') which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Bonds securitizing mortgages are usually treated as a separate class, termed residential; another class is commercial, depending on whether the underlying asset is mortgages owned by borrowers or assets for commercial purposes ranging from office space to multi-dwelling buildings. The structure of the MBS may be known as "pass-through", where the interest and principal payments from the borrower or homebuyer pass through it to the MBS holder, or it may be more complex, made up of a pool of other MBSs. Other types of MBS include collateralized mortgage obligations (CMOs, often structured as real estate mortgage investment conduits) and collateral ...
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S&P Global
S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 The McGraw–Hill Companies, Inc.) is an American Public company, publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Engineering Solutions, S&P Global Sustainable1, and S&P Global Platts, S&P Global Commodity Insights, CRISIL, and is the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's". Corporate history The predecessor companies of S&P Global have history dating to 1888, when James H. McGraw purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishing The ''McGraw Publishing Company'' in 1899. John A. Hill had also produced several technical and trade publications and in 1902 form ...
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PR Newswire
PR Newswire is a distributor of press releases headquartered in Chicago. The service was created in 1954 to allow companies to electronically send press releases to news organizations, using teleprinters at first. The founder, Herbert Muschel, operated the service from his house in Manhattan for approximately 15 years. The business was eventually sold to Western Union and then United Newspapers of London. In December 2015, Cision Inc. announced it would acquire the company. On January 1, 2021, Cision formally merged PR Newswire into the company, ending its status as a legal entity after 66 years. Cision plans to continue utilizing the brand name for the foreseeable future in the United States, as well as in Europe and the Asia-Pacific regions. History PR Newswire was founded in March 1954 by Herbert Muschel, who ran the business from his town house in New York City for the first 15 years of its operation. The company used telecommunications lines and teleprinters owned by Weste ...
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