Financial Services

State of U.S. banks

Mendon Capital Advisors Portfolio Manager Anton Schutz on the state of the financial sector and the economy.

AIG Announces Sweeping Overhaul

American International Group said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn.

Travelers' 4Q Earnings Beat Estimates

Property and casualty insurer Travelers' quarterly profit fell 16.6 percent as its underwriting gains declined and the company earned less from its fixed income and energy investments.