Financials

Iceland's PM Resigns Over Panama Papers Revelations

Iceland's Prime Minister Sigmundur David Gunnlaugsson is to step down after leaked documents from a Panamanian law firm showed his wife owned an offshore company with big claims on collapsed Icelandic banks, his party said.

How MetLife Trumped the U.S. Government’s ‘Too Big to Fail’ Case

MetLife Inc. scored a major victory on Wednesday for American tax payers and perhaps the U.S. financial system as a federal judge ruled the insurance giant is not “too big to fail” and should not be subjected to the stricter capital requirements implemented after the 2008 mortgage meltdown.