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BofA pays $165 million to settle mortgage claims by credit unions
In yet another home lending legal settlement, Bank of America Corp. will pay regulators $165 million related to losses that big credit unions suffered on mortgage-backed securities. The settlement, announced Tuesday, stems from efforts by the National...
Tags: Litigation, Wachovia Corp., Citigroup Incorporated, Finance, Trials
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Would FDIC deter wrongdoing by announcing settlements with banks?
On its website, the Federal Deposit Insurance Corp. says pursuing damages when banks fail is a way to restore public confidence in the industry. Doing so, it says in an analysis of the savings and loan crisis of the 1980s, creates “the...
Tags: Finance, Economy, Business and Finance, Lawyers, U.S. Senate Committee on Banking, Housing, and Urban Affairs, Federal Deposit Insurance Corporation
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Time Warner CEO Jeff Bewkes defends cable-business status quo
This story has been corrected. See below for details. Don't look for HBO to take a page from Netflix and make an entire season of one of its hit series, like "Game of Thrones," available to its subscribers in a single instant. Speaking at the Deutsche...
Tags: Entertainment, Netflix Inc., Television, HBO (tv network), Consumers
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News Corp. exiting New Zealand, to divest pay-TV service
News Corp. plans to exit New Zealand as part of the company's larger mission to simplify its sprawling holdings. The company, controlled by mogul Rupert Murdoch, announced over the weekend that News Limited, its Australian subsidiary, intends to...
Tags: News Corp., New Zealand, Rupert Murdoch, Printing Service, Media Industry
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Former bank executive sues LAPD over alleged beating
L.A. NOWA former executive at Deutsche Bank filed suit Wednesday against the Los Angeles Police Department, alleging that he was severely beaten last year by two officers, including one with a history of "threats, abductions and assaults." Brian C. Mulligan, who.... -
LAPD officers allegedly forced women to have sex with them
L.A. NOWTwo Los Angeles Police Department officers are under investigation for allegedly preying on women over a period of five years, luring them into an unmarked car and forcing them to perform sex acts, according to court records. Detectives from the...... -
It's cash only at the Vatican
In God we trust. All others pay cash. That may be the new motto at the Vatican since the Bank of Italy pulled its authorization to accept credit cards and other electronic payments from visitors as of Dec. 31. The Italian central bank denied a...
Tags: U.S. Airways, Science and Technology, Arts and Culture, Electronics, Italy
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Occupy to pop up again at 2013 Rose Parade
L.A. NOWThe Occupy movement will be making a repeat appearance at the 2013 Tournament of Roses Parade, organizers and police said Monday. A 15-foot-high float, with the "Monopoly" banker riding a red wagon, will wheel its way down the 5.5-mile route...... -
Bank executive alleges abuse by LAPD
L.A. NOWA bank executive has filed a claim with the city of Los Angeles, saying he suffered at least $50 million in damages after he was beaten up by two LAPD officers.... -
Taboo prison romances can lead to cellphone smuggling
L.A. NOWTaboo romances between prison employees and inmates is a common motive for smuggling cell phones behind bars, according to a report from the state's prison watchdog agency.... -
‘Paranoid’ bank exec told officer he used bath salts, police say
L.A. NOWDeutsche Bank executive Brian Mulligan: A top bank executive who has alleged mistreatment by the LAPD acknowledged snorting "white lightning" bath salts and sought help from the Glendale Police Department days before the LA incident.... -
Bath salts made bank exec delusional about LAPD abuse, union says
L.A. NOWLos Angeles Police officers' union say a recording of a Deutsche Bank executive telling Glendale Police about his abuse of bath salts undercuts a $50-million brutality claim against two LAPD police officers....
Apr 2, 2013
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Mar 11, 2013
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Mar 4, 2013
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Mar 4, 2013
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Feb 6, 2013
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Jan 3, 2013
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Jan 3, 2013
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Dec 31, 2012
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Aug 28, 2012
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Oct 15, 2012
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Oct 15, 2012
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Oct 15, 2012
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