The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
Industry
August busiest for European buyouts
Private equity firms perform at higher levels in terms of buyout financing compared to the previous year.
US and Swiss governments agree on step closer to removal of secrecy laws
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Wal-Mart spearheads loan funding for Bangladeshi factory safety
Wal-Mart, together with other North American companies, banded together to create the Alliance for Bangladesh Worker Safety.
Another Asian financial crisis to hit in the next 12-18 months
A second financial crisis was predicted to hit Asia in the next 12 to 18 months that originated from the US after its Federal Reserve announced stimulus reduction.
Latest News
The US Court of Appeals in Denver ruled for the National Credit Union Administration and allowed it to use the extender statute to pursue its claims against big banks regarding MBS.
The United States would be offering loans again through its Advanced Technology Vehicle Manufacturing loan facility.
The National Dog Day was founded to encourage the adoption of shelter strays as pets. August 26 is National Dog Day. This celebration started back in 2004 in recognition of the high number of shelter pets that seek a good home.
Venus and Serena Williams led wins in the first day of the US Open, reminiscent of their success in previous years.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
Gold prices, after a previous period of decline, is now on the rise, recently topping the USD1,400 level.
India's ONGC Videsh said it would increase its overseas debt to fund a USD2.64 acquisition. ONGC Videsh Ltd. is a state-backed energy explorer in India.
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.
