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Citi settles Wachovia case
Hell hath no fury like a Citigroup scorned. Oh, scratch that. Citi (C) agreed Friday to take $100 million from Wells Fargo (WFC) to settle lawsuits tied to the fall 2008 battle for the remains of the...
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How mulish banks blew up the Ally IPO
The banks spend a lot of time carping about economic uncertainty. But they have no one but themselves to blame for the latest pratfall at Ally Financial. Ally, the car lender formerly known as GMAC...
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Government crackdowns: Where are the victims?
Recent settlements with SAC and JPMorgan are shielding the firms from lawsuits. FORTUNE -- Justice continues to come with slightly less pain for Wall Streeters. The most recent evidence of this...
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BNP Paribas hunkers down, plans dividend cut ahead of U.S. settlement
BNP Paribas BNP , the France-based bank, intendsto cut its dividend and sell billions of euros in bonds as it looks to a $9 billion settlement with the U.S. government. The U.S. investigation targeted...
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Big differences remain in BoA-Justice Department settlement talks
Negotiations between federal officials and Bank of America to hammer out a settlement over shoddy mortgages in the run-up to the financial crisis are dragging on, according to the Wall Street Journal....
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Macy’s will pay $650,000 to resolve racial bias inquiry
Macy’s has settled with the New York Attorney General’s office on charges of racial profiling, the retailer has announced. Last year, a number of black customers accused the department store of...
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Why $16.65 billion? Looking for rhyme and reason in big bank settlements
Bank of America BAC on Thursday announced a settlement with U.S. authorities concerning its involvement with mortgage-backed securities that went up in smoke during the financial crisis. The $16.65...
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These are the secret tricks Swiss banks used to hide American money
Want to know how tax dodgers have been skirting Uncle Sam? Look no further than the alluring, financial slopes of Switzerland. In order to avoid criminal charges, Swiss banks have been coming clean...
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For Some Companies, Government Settlements Are Tax Write-Offs
When BP’s Deepwater Horizon spill released millions of gallons of oil into the Gulf of Mexico, and when a slew of Wall Street banks created toxic loans that contributed to the financial crisis, they...
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