Citi Group would pay Fannie Mae US$968 million for potential mortgage repurchase claims incurred between 2000-2002.
Legal & Regulatory
European Commission Extends Review Period for Crane Co Acquisition
Crane Co, a diversified maker of engineered industrial products said today that the European Commission has extended its initial review period for the acquisition of MEI Conlux.
Ex-Dow Officer Involved In Insider Trading Charged
Mark Murrel and two others charged with insider trading for Dow Chemical Co's acquisition of Rohm & Haas Co in 2008.
NY Lawsuit against Sprint Nextel for Tax Fraud Charges Underway
Sprint Nextel face lawsuit for tax fraud in the state of New York (Photo : Reuters)The image is the facade of a Sprint store. Sprint Nextel is currently facing a lawsuit in the State of New York for charges that the telecoms company did not collect or pay millions of dollars worth of taxes for its cellular phone service.
Private Equity Insurance Deals Stalled by Probe
Private equity insurance deals stalled by authorities' probe. The sale of private equity insurance encountered a road block as regulators decided to review these transactions.
Latest News
Banks, Markit, and ISDA were charged with cutting off two credit derivatives transactions by the EU.
Sinovel, formally charged with source code theft, divested four of its units outside China. (Photo : Reuters)This is the headquarters of Sinovel in China.
The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.
The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
SAC Capital’s Steven A. Cohen invoked his right to the Fifth Amendment after being summoned to testify before a grand jury about insider trading in his company.
Copano Energy announced today that the company has reached settlement for the claims that have risen from the acquisition of KMP last May 1.
