After thirty of its employees got involved in the manipulation of interest rates, Rabobank had paid a combined EUR774 million in fines.
Legal & Regulatory
Ranbaxy sues Actavis over the production of a generic version of Absorica
A suit was filed in New Jersey District Court against Actavis by Ranbaxy Laboratories for its attempt to produce a generic version of Absorica.
MMG to chase outstanding amounts due the company
Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.
National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
DST costs more than saves more
Daylight Savings Time was meant to conserve energy, but it creates more losses in the US economy. WIth temperatures falling and landscapes needing less tending, these are the reminders that daylight savings time would be coming to an end by Sunday.
Latest News
Various investors and strategists react to the decision of the Federal Reserve. On Wednesday, The Federal Reserve had extended support for the slowing economy of the US.
Disagreements slowed down talks about the USD 13 billion settlement of JPMorgan Chase & Co and the US Department of Justice, sources told Reuters.
Reuters reported that the use of FIRREA in the Department of Justice's case against Bank of America could change the relationship between Wall Street and the government regulator.
Discussions for the formation of a grand coalition government in Germany had already begun. Talks had begun in Germany for a grand coalition government to be put in place by Christmas.
A Reuters report said analysts did not see the US Federal Reserve making any dramatic policy changes any time soon.
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
The US Federal Trade Commission (FTC) had given its approval for the planned consolidation of office supply retailers and rivals Office Depot Inc and OfficeMax Inc.
A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes In an agreement to settle claims with the Federal Housing Finance Agency, Wells Fargo agreed to pay less than USD1 billion to resolve the issue on the bank's alleged knowledge of the faulty nature of mortgage bonds sold to Fannie Mae and Freddie Mac.
