Most-read stories for the week include an article on the former Patriot National CEO accusing Fifth Third Bank of obstructing a "superyacht" sale and a story on a California regulator seeking to suspend or revoke Wells Fargo licenses in the state.
Former Patriot National CEO accuses Fifth Third of impeding 'superyacht' sale
As Patriot National Inc. prepares to file for Chapter 11 bankruptcy, company founder and former Chairman and CEO Steven Mariano continues to battle claims brought by Fifth Third Bank regarding an alleged default on a mortgage for a 57-meter "superyacht."
Berkshire unit's retroactive reinsurance biz expands with Ironshore cover
The massive adverse development cover that American International Group Inc. obtained from National Indemnity Co. does not represent the lone material change to the Berkshire Hathaway Inc. subsidiary's retroactive reinsurance business to date in 2017.
California insurance regulator seeks to suspend or revoke Wells Fargo licenses
California's top insurance regulator accused Wells Fargo & Co. units of improper insurance sales practices and sought to suspend or revoke their licenses in the state — the latest in a series of blows to a company that has been plagued by scandal since news of widespread fake account openings broke in 2016.
Starwood Preferred Guest status quo keeps American Express' momentum intact
American Express Co. may not have won Marriott International Inc.'s co-brand credit card relationship outright, but the terms of agreements announced Dec. 5 might amount to the next best thing.
E*TRADE CEO: Price cutting 'destroyed economics' in online brokerage space
A price war between online brokerages earlier this year simply "destroyed economics" in the space, according to E*TRADE Financial Corp. CEO Karl Roessner.