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California Backs Out Of Nationwide Foreclosure Settlement
Kamala Harris beat Eric Schneiderman to the punch. The California AG pulled her state out of a nationwide foreclosure probe of some of the nation's biggest banks over their shady foreclosure practices. The LA Times is reporting that AG Harris removed herself from the nationwide investigation assembled by the country's attorneys generals nearly a y ...
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Disabled Ex-Auto Workers Reach Benefits Settlement
Hundreds of disabled auto workers who said they were cheated out of severance payments when the Nummi plant closed in Fremont last year would get at least partial benefits from a $6 million settlement announced Thursday. Lawyers for workers who were on disability leave when the New United Motor Manufacturing Inc. plant shut down in April 2010 said ...
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DTCC Set To Roll Out Enhanced Settlement Interface
The Depository Trust and Clearing Corp. is preparing to roll out the first piece of functionality associated with its planned Settlement Web platform. The platform will be the utility's settlement interface for members, ultimately replacing the existing Participant Terminal Service (PTS) and Participant Browser System (PBS), it stated in a notice ...
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FDIC Objection Throws A Wrench Into Bank Of America $8.5 Billion Settlement
Bank of America needs more than a $5 billion vote of confidence from Warren Buffett to get back on track. It needs to remove uncertainty over the cost of its mortgage related lawsuits but it looks like the Federal Deposit Insurance Corporation will stand in the way of that. The FDIC filed an objection with the State Supreme Court of New York over ...
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New Personal injury settlement articles edition...
Illinois Pension Fund Settlement Displays Shareholder Might
A new $89.4M settlement agreement won by a pension fund on behalf of Del Monte offers some new weight to the voices of stockholders when merger and acquisition deals spring up A new $89.4 million settlement agreement won by an Decatur, Ill.-based pension fund on behalf of Del Monte Corp.'s shareholders offers some new weight to the voices of stock ...
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Ladner Resigns as President American US and Agrees to $950000 Settlement
BENJAMIN LADNER, American University's embattled president, resigned last week and accepted a severance payment of $950,000, according to the university's Board of Trustees. But the university will withhold a large portion of that to cover taxes and to recover what it says were Mr. Ladner's excessive expenses. Mr. Ladner, 63, will also receive $2. ...
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Negotiated ETF Settlement Dates Could Cut Fails
The high level of settlement fails in the ETF market could be cut down if buyers of the securities took ownership on trade date and settlement dates were negotiated, according to Fred Sommers, president at OpsRisk Limited and partner at the Basis Point Group, who spoke at Finadium's 2011 Conference. The issue of the high number of fails attributed ...
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RMB Trade Settlement Growth To Slow in Q3, Bankers Fear
Increasing renminbi trade settlement in the last nine months combined with renminbi net open position rules imposed in Hong Kong could slow trade settlement in the Chinese currency, according to trade finance bankers. The squeeze will be short term, however. Trade settlement in the Chinese currency has been on the rise of late, but the growth is s ...
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Settlement Odds Rise in Killinger Case
A judge has given the Federal Deposit Insurance Corp. and former executives at Washington Mutual Bank until yearend to settle civil charges related to the thrift's 2008 failure, raising the likelihood of an out-of-court resolution. It had been reported earlier this year that the parties, including former Wamu chief executive officer Kerry Killinge ...
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The Truth About Debt Settlement, Is It For You
Many people hear about friends or acquaintances that were relieved of credit card debt through debt settlement and think this might be the best solution to their payment problems. The Illinois CPA Society warns you need to fully understand debt settlement agreements before taking this serious financial step. How Does Debt Settlement Work?Simply st ...
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