Deutsche Bank, Credit Suisse agree billion-dollar fines with authorities Friday, 23 Dec 2016 | 2:24 AM ET | 03:39 Credit Suisse had agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday. Credit Suisse will also provide $2.8 billion in consumer relief over five years from the settlement, it said in a statement, adding the deal was subject to negotiation of final documentation and approval by its board of directors. “Credit Suisse will take a pre-tax…
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Deutsche Bank, Credit Suisse agree billion-dollar fines with authorities Friday, 23 Dec 2016 | 2:24 AM ET | 03:39 Credit Suisse had agreed in principle to pay U.S. authorities $2.48 billion to settle claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the Swiss bank said on Friday. Credit Suisse will also provide $2.8 billion in consumer relief over five years from the settlement, it said in a statement, adding the deal was subject to negotiation of final documentation and approval by its board of directors. “Credit Suisse will take a pre-tax…
Deutsche Bank will be hoping for a fresh start in 2017 after reaching a $7.2 billion deal with U.S. authorities to settle allegations of the mis-selling of mortgage-backed securities (MBS). Germany’s largest lender said on Friday morning it had agreed ‘in principle’ to pay a $3.1 billion civil fine to be supplemented with the payment of $4.1 billion in consumer relief overtime. The announcement of the fine comes amid a raft of banking stories related to the mis-selling of MBS which hit the wires before Friday’s European market open. This included news that U.S. federal prosecutors would sue Britain’s Barclays…
Jacopo Landi | NurPhoto via Getty Images Italy’s government approved a state bailout for Monte dei Paschi di Siena on Friday, after the world’s oldest bank failed to secure backing from private investors. Prime Minister Paolo Gentiloni and his cabinet paved the way for a 20 billion euro ($20.8 billion) rescue fund to help the country’s embattled banking sector, with BMPS, Italy’s third largest bank, the priority. The troubled lender issued a statement shortly after Italy’s parliament finished meeting and declared it would formally request a state bailout in an effort to stay afloat. “This will secure the capital needs…
Candidates whose children are above the age of 14 may not necessarily require producing any of such prove. Panchayat Election RELATED STORIES Irked by the recent protest, Delhi will hire new guest teacher IITs to hold joint technology meet for smartest of students to compete More students see CBSE syllabus as a ticket to NEET Maharashtra government will now regulate pre-schools Women empowerment in India only possible through education: President In what appear as a bold and ideal move, the apex body for child rights has urged all state government across the country to halt candidates from contesting election to…
The action was provoked by the recent protest staged by multitude of belligerent guest teacher against the Chief Minister Arvind Kejriwal and education minister Manish Sisodia at the AAP mega show for salary hike. Arvind Kejriwal RELATED STORIES IITs to hold joint technology meet for smartest of students to compete More students see CBSE syllabus as a ticket to NEET Maharashtra government will now regulate pre-schools Women empowerment in India only possible through education: President India’s food production to double in next decade: Rajasthan now has 258 food processing start-ups Just as predicted in the recent times, Deputy Chief Minister…
It is said that the proposal to hold the meet came after the group of directors entering a discussion in a meeting held at IIT-Kanpur in the recent times. IIT RELATED STORIES More students see CBSE syllabus as a ticket to NEET Maharashtra government will now regulate pre-schools Women empowerment in India only possible through education: President India’s food production to double in next decade: Rajasthan now has 258 food processing start-ups BCI to explain its stand on attendance relaxation rules: Delhi High Court In order to provide a verdant platform for the smartest of students across the Indian Institutes…
Don’t rush into DirecTV Now, even if AT&T really wants you to sign up immediately. DirecTV Now is a streaming video service that offers a big bundle of traditional cable channels, similar to Dish Network’s Sling TV and Sony’s PlayStation Vue. And for now, the price is unbeatable, with a promotional rate of $35 per month for 100 channels that locks in for as long as you stay subscribed. Still, subscribing now would mean suffering through bugs and rough edges, while waiting around for features that the competition already offers. Even with the introductory pricing, you might not get your…
, 2016 3:30 AM 1 of 15 Thumbnails MORE See larger image Credit: The Eyes of Ara Slow down and smell the backlog PCWorld’s annual list of the top 10 PC games of the year is locked in and ready to drop soon. But before we celebrate the best of the best, it’s time for our biannual tradition of highlighting the smaller games we enjoyed—often ones we just didn’t get around to formally reviewing or otherwise showing off, but which we fell in love with nevertheless. Something like 4,500-plus games released on Steam in 2016 (thanks Steam Spy), so you’re…
By Ryan Whitwam, Greenbot | Dec 26, 2016 4:00 AM PT Make your great new phone even greater by installing these apps right away. See larger image Make your phone be all it can be The first order of business when you get a new phone is to install your apps. Android makes it easy to grab all the apps from your old phone, so that covers the basics like Facebook, Twitter, and Instagram. You don’t need to be told to download the most popular apps in the world. But what else should you install? There are more than 1…