Palm Beach Finance can pursue $1B Ponzi claim vs. GE Capital

Zurich Insurance Finance Chief Pierre Wauthier Found Dead

Petters, of Minneapolis, is serving 50 years in prison for running the third-largest Ponzi scheme in U.S. history a behind those of Bernie Madoff and R. Allen Stanford . Palm Beach Finance was a set of investor funds that invested in Pettersa business operations. Petters created the illusion of massive deals in financing consumer electronic merchandise transactions, but most of the invoices were faked.

He worked for two years at the French Ministry of Foreign Affairs and joined JPMorgan Chase & Co. (JPM) in 1985, before taking on the job at Zurich Insurance. Zurich Insurance, based in Zurich, said on Aug. 15 that floods in central Europe and tornadoes in the U.S.

Honda Canada Finance sells C$550 mln of notes – term sheet

The sale was a private placement. The issue included C$300 million ($286 million) of floating-rate notes due Dec. 3, 2015. The notes, which were priced at par, have a coupon rate of 42 basis points over the three-month Canadian Dealer Offered rate or CDOR. Honda Canada Finance also sold C$250 million ($238 million)floating-rate notes due Dec.

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