Bank of America Merrill Lynch had complained that the audit and accountancy firm had failed to do its due diligence. The Public Company Accounting Oversight Board (PCAOB) has disclosed PricewaterhouseCoopers LLP is will settle a civil complaint alleging that it… Read More ›
Last minutes negotiations are on. Two sources familiar with the matter at hand have disclosed that the Royal Bank of Scotland has tried to reach for a last minute settlement with a group of investors who had alleged that it… Read More ›
The company has accepted increased scrutiny in the forms of various audits by external independent monitors. In a major development for Volkswagen AG, as part of a $4.3 billion deal with U.S. regulators, Europe’s biggest car manufacturer has agreed to… Read More ›
This marks the first settlement, in a possible string of RMBS related lawsuits, filed by the U.S. DoJ for European banks. Deutsche Bank has agreed to settle with the U.S. Department of Justice’s lawsuit related to its residential mortgage-backed securities… Read More ›
Volkswagen will buyback or fix another 80,000 3.0 litre diesel vehicles in the U.S for which it will spend 1, and up to 105,000 2.0 litre vehicles in Canada. In strategic efforts aimed at putting the emission cheating scandal behind… Read More ›
The lawsuit involves several leading banks which have conspired to rig rate benchmarks, commodities and securities prices. The remaining defendants in the lawsuit are HSBC Holdings Plc, BNP Paribas SA Morgan Stanley, UBS AG, ICAP, Wells Fargo & Co and… Read More ›
BHP and Vale’s settlement of $2.3 billion was overturned by the court and it was told to pay $6.23 billion. It has now decided to fight the case, rather than settle. BHP Billiton has disclosed that it would appeal the… Read More ›
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