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Insurer American International Group Inc on Thursday reported a quarterly profit that beat estimates, as the company booked an underwriting income in its general insurance business.

* Alstom also interested in Bombardier rail arm - sources (Adds details, background)

Insurer American International Group Inc on Thursday reported a quarterly profit compared to a year-earlier loss, helped by smaller catastrophe losses and improved underwriting in its general insurance business.

Banks should restore their customer confidence "as soon as possible" to overcome damage to their reputations associated with financial malpractice, European Central Bank policymaker Pablo Hernandez de Cos said on Thursday.

Banco do Brasil SA on Thursday reported a 20.3% rise in fourth-quarter profit helped by higher consumer lending and lower tax expenses, with the bank also saying it could achieve double-digit net income growth in 2020.

Companies that have spent money on a major telecoms conference in Barcelona that has been cancelled after mass withdrawals due to the coronavirus outbreak cannot expect compensation under the organisers' standard insurance, they said on Thursday.

As an outside critic of the Federal Reserve, conservative economist Judy Shelton has slammed the central bank's massive $4.2 trillion balance sheet as distorting financial markets and "largely benefiting people who have hefty stock-market portfolios."

Former U.S. senator Alan Simpson summarized the argument well: seniors fighting Social Security benefit cuts were nothing more than “greedy geezers” stealing from young people “who are going to get gutted.” The Wyoming Republican's memorable phrase from 2012 is a good example of the colorful language of so-called intergenerational warfare...

An earthquake of magnitude 6.9 struck offshore 99 kilometers (62 miles) south-east of Russia's Kuril Islands, the U.S. Geological Survey (USGS) said on Thursday.

Sackings are first moves of a reshuffle widely expected to promote more women