The Federal Housing Finance Agency (FHFA) had pegged USD6 billion as settlement amount for the agency to stop seeking action against JP Morgan
Legal & Regulatory
Appeals court rules in favor of National Credit Union Administration for MBS claims
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.
South Africa's Seven Sisters inks deal with Wal-Mart, ends apartheid legacy
Wal-Mart Stores Inc signed a deal to import South African wine label Seven Sisters in an agreement that ended the legacy of apartheid.
Las Vegas Sands to return USD47.4 million to U.S. Treasury
Las Vegas Sands Corp pays USD47.4 million to end federal probe on suspicious cash flow. The Las Vegas Sands Corp, operator of the Venetian and Palazzo hotel complex in Las Vegas, agreed to pay USD47.
Hong Kong Stock Exchange faces difficult decision in Alibaba IPO: Bloomberg
The Hong Kong Stock Exchange would need to make a difficult decision on Alibaba's proposal to retain control after its planned IPO.
Latest News
The US Securities and Exchange Commission called rival exchange operators Nasdaq and NYSE to give details on the three hour trading halt which occurred last week.
Jodi Arias, convicted murderer, had a few more issues up her sleeve. In a decision that has social media implications, the judge presiding over the case of Jodi Arias had postponed the date for the sentencing of convicted killer.
The AMR-US Airways merger could be blocked by Federal regulators which had made JetBlue Airways the next target once the US Department of Justices succeeds in derailing the deal.
Former JP Mogran & Chase trader Javier Martin-Artajo had been released from policy custody after he had kept trading losses that cost the bank USD6.2 billion losses.
Miami-Dade police cancelled an Amber Alert of a little girl after discovering that it was a misunderstanding.
Mongolia would be replacing its 2012 law that puts limits on foreign ownership with a new measure that is more investor-friendly.
The U.S. Supreme Court dismissed a shareholder derivative lawsuit filed against UBS by pension plans in Puerto Rico.
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
Bitcoin Foundation joins U.S. regulators in FinCEN-hosted discussion regarding digital currency. Financial Crimes Enforcement Network (FinCEN) director Jennifer Shasky-Calvery hosted a discussion with members of the Bitcoin Foundation.
