JPMorgan Chase is close to a $2 billion settlement with federal authorities to avoid prosecution for its failure to properly alert regulators of its suspicions about Ponzi scheme mastermind Bernard Madoff, according to reports.
... slideshows. * FTSEurofirst 300 down 0.9 pct, Euro STOXX 50 down 0.7 pct. * Euro STOXX 50 testing support at 100-day moving average.
Merrill Lynch agreed to pay $13.8 million in penalties Thursday on charges brought by federal regulators that the bank misled investors in asset-backed securities prior to the financial crisis in 2008.
As home prices rise and the economy recovers, fewer borrowers are falling behind on their mortgages, or at least on their primary mortgages.
Foxconn, one of the largest suppliers for Apple and other big tech companies, has drawn harsh criticism from labor activists in the past few years.