American International Group Inc. (NYSE:AIG) defrauded the U.S. by failing to disclose it was selling insurance without a license during negotiations with the government over a bailout in the financial crisis, a former executive claimed in a lawsuit. American International Group Inc (NYSE:AIG) net profit margin is 12.20% and weekly performance is 0.94%. On last trading day company shares ended up $52.86. Analysts mean target price for the company is $56.60. American International Group Inc (NYSE:AIG) distance from 50-day simple moving average (SMA50) is 3.91%.
S&P raised the credit rating for Greece’s largest banks, the FT said. Alpha Bank A.E. (ADR) (OTCMKTS:ALBKY), Piraeus Bank, National Bank of Greece and Eurobank Ergasias all had their credit rating raised to CCC+ from CCC, while the outlook for all four banks is stable. Alpha Bank A.E. (ADR) (OTCMKTS:ALBKY) shares fell –6.69% in last trading session and ended the day on $0.236.
Greek MIG will issue a 400 million euro convertible bond and PIRAEUS BANK SA (OTCMKTS:BPIRY) will cover 250 million euros of it, acquiring 16% of MIG’s shares. This major business deal is part of the ongoing mergers and partnerships taking place in the Greek market, with the goal being to enhance liquidity among Greek businesses.PIRAEUS BANK SA (OTCMKTS:BPIRY) is the second-largest lender by assets in Greece while MIG has holdings in the food, shipping, healthcare and tourism sector. PIRAEUS BANK SA (OTCMKTS:BPIRY) shares moved down -6.88% in last trading session and was closed at $4.33, while trading in range of $4.30 – $4.54.
Bocom International Holdings Co. and UBS AG (NYSE:UBS) predict further losses for the ChiNext as a housing slump adds risks to an economy that analysts predict will grow at the slowest pace in 24 years. UBS AG (NYSE:UBS) ended the last trading day at $19.95. Company weekly volatility is calculated as 0.83% and price to cash ratio as 0.19. UBS AG (NYSE:UBS) showed a negative weekly performance of -3.99%.
Bank of America and Citigroup Inc. (NYSE:C), which fell 7.3 percent since regulators rejected its request to give more capital to shareholders for the second time in three years, must resubmit capital plans. Among large banks, they trade at the lowest prices compared to book value. They both pay a token dividend. Citigroup Inc (NYSE:C) net profit margin is 26.80% and weekly performance is -1.32%. On last trading day company shares ended up $46.52. Analysts mean target price for the company is $58.54. Citigroup Inc (NYSE:C) distance from 50-day simple moving average (SMA50) is -2.97%.