MONEY (MSM)

Icahn asks AIG to split to avoid 'too-big-to-fail' tag

Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.

Icahn asks AIG to split to avoid 'too-big-to-fail' tag

Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag indicates regulatory concerns that a company’s failure might imperil the financial system.

Wall St. drifts lower as weak earnings, crude weigh

Investors are also watching the Federal Reserve, which began its two-day policy meeting. While expectations of a rate hike this week are slim, traders will focus on the Fed’s statement on Wednesday for clues on the timing of a liftoff. All eyes are on Apple (AAPL.O), which reports fourth-quarter results after the close.

Wall St. drifts lower as weak earnings, crude weigh

Investors are also watching the Federal Reserve, which began its two-day policy meeting. While expectations of a rate hike this week are slim, traders will focus on the Fed’s statement on Wednesday for clues on the timing of a liftoff. All eyes are on Apple (AAPL.O), which reports fourth-quarter results after the close.

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