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U.S. judge approves BofA settlement fund

International Business Times (Australia), Sep 01, 2010 / Shareholders who owned BofA stock as of January 16, 2009, are eligible for payouts from the fund.

Judges take on bank settlements

Fierce Finance, Aug 24, 2010 / "Why isn't the government getting tough with banks?"

ANALYSIS-US judges put feet down, stomp regulatory accords

FOXBusiness.com, Aug 17, 2010 / Federal investigators don't try to bring wrongdoers to justice by concocting "half-baked," "sweetheart" deals in search of a judicial "rubber stamp."

Federal judge rejects SEC-Citigroup subprime mortgage settlement

JURIST - Paper Chase, Aug 17, 2010 / [JURIST] A federal judge on Monday rejected a $75 million settlement [JURIST report] reached between Citigroup [corporate website] and the US Securities and Exchange Commission (SEC) [official website] last month to resolve charges of misleading investors about Citigroup's exposure to sub-prime mortgage-related assets.

Citi loses bid to overthrow Terra case

Music Week, Jul 27, 2010 / Citi had argued that the dispute belonged in the UK courts, but US District Judge Jed Rakoff, who denied Citigroup's request to dismiss the case in March, has now explained his reasoning behind the decision.

Rakoff Hushes JP Morgan Bankers on Televisa Loan

Holiday Sales News Tracker - The Wall Street Journal, Jul 26, 2010 / A federal Judge is prohibiting 10 J.P. Morgan Chase executives, including Vice Chairman Steven Black, from having any further dealings with a $225 million loan the bank arranged for a big Mexican cable-television operator.

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Somali MPs killed in suicide bomb attack on Mogadishu hotel Telegraph - London - UK
Telegraph - London - UK, Aug 24, 2010/ The attack comes amid two days of fighting that have killed at least 40 civilians and wounded more than 130 in the capital according to Ali Muse, the head of Mogadishu's ambulance service.
Plane crashes in Nepal; foreigners among 14 dead The Seattle Times - Seattle WA
The Seattle Times - Seattle WA, Aug 24, 2010/ A small passenger plane heading to the Mount Everest region crashed in heavy rain Tuesday outside Nepal's capital, killing all 14 people aboard, including four Americans, a Briton and a Japanese national, officials said.
Cairn Energy narrows loss, sees Greenland promise MarketWatch
MarketWatch, Aug 24, 2010/ Scottish-headquartered oil exploration group Cairn Energy reported Tuesday that it sharply reduced net losses for the first half of the year, saying its first well in Greenland is showing signs of promise.
World stock markets fall as economy worries linger The Palm Beach Post - Palm Beach FL
The Palm Beach Post - Palm Beach FL, Aug 24, 2010/ World stock markets retreated Tuesday as the strong yen knocked Japanese shares and investors anticipated more bad news from U.S. economic reports this week.
Two British hostages survive bus siege carnage as eight are shot dead by rogue cop The Daily Mirror - London - UK
The Daily Mirror - London - UK, Aug 24, 2010/ Two Britons were rescued from a horrifying bus siege in which eight hostages died yesterday after a sacked policeman made a crazed attempt to get his job back.

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Quotes

" A rather cynical relationship between the parties "
The Washington Post - Washington DC, Aug 17, 2010
" The notion that Bank of America shareholders, having been lied to blatantly in connection with the multibillion-dollar purchase of a huge, nearly bankrupt company, need to lose another $33 million of their money in order to ‘better assess the quality and performance of management’ is absurd "
Money Blog Network, Aug 03, 2010

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