A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.

A U.S. judge has ruled Federal Reserve Chairman Ben Bernanke should testify in the multibillion-dollar lawsuit by the former chief of AIG, Maurice "Hank" Greenberg, against the United States over the insurer's 2008 bailout.

AIG has agreed to end litigation against the Federal Reserve Bank of New York over whether the insurer could sue over losses on residential mortgage-backed securities.

Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence on its insurance business for dividend income.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

American International Group Inc won a legal victory over where a mortgage fraud lawsuit it brought against Bank of America Corp should be heard, a two-year-old case that has largely been on hold because of the dispute over venue.

A New York state appeals court on Tuesday cleared the way for bond insurer MBIA Inc to pursue a fraud lawsuit against Bank of America Corp over toxic mortgage securities.