Legal & Regulatory

After Two Years, Bank of America Is Finally Set For Settlement Trial

The Manhattan State Supreme Court finally got Bank of America set for trail with its US$8.5 billion settlement with home loans bundled into securities.


Brent Crude Trades Lower Than US$100 Per Barrel

Brent Crude trades lower than US$100 per barrel after OPEC keeps its production target constant. (Photo : Reuters)A gas station employee filling up a vehicle.

Greenlight for latest Greek bailout tranche given

After completion of prerequisites, the second tranche of the Euro bailout plan for Greece was released.

UBS AG French unit under investigation

UBS AG France is under investigation for its bank practices. (Photo : Reuters)The image is the UBS sign on its corporate headquarters. The French unit of UBS AG has been placed under formal inquiry as part of an investigation started in 2012 over the practices conducted by the bank in France, according to a spokesperson.


Latest News

Digital currency companies are rushed to comply with anti-money laundering acts after Liberty Reserve gotten held up for an alleged money laundering scheme.
Morgan Stanley files petition to prohibit former brokers to reach out to current staff in their old office.
Cisco is seeking EU intervention on its claims of monopolistic effect of Microsoft's purchase of Skype.
EFES is affected by law passed by the Turkish government. The largest beermaker in the Middle East is being buffetted in the world's credit markets at the same time Turkish Prime Minister Recep Tayyip Erdogan has been clamping down on sales of alcohol and its attendant advertising.
Singapore Exchange is expanding its market by opening a menu of services for yuan denominated transactions.
According to findings by the NY Atty General's office, banks have violated the servicing standards agreement for foreclosures agreed upon last year.
Peru's president said he would be implementing a new set of reforms designed to boost investments in the country.
China's Premier Li Keqiang has criticized the move of EU to investigate alleged anticompetitive activities of two Chinese firms in Europe.
Egypt set to return the taxes collected from the QNB acquisition of NSGB. (Photo : Reuters)The image is the Arabic logo of the Qatar National Bank. In an announcement, the Egyptian government has said it would be refunding taxes it has collected from the acquisition by Qatar National Bank of National Societe Generale Bank.
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.