Fannie, Freddie shareholders lobby against U.S. housing reform bill
WASHINGTON (Reuters) – A coalition of investors in Fannie Mae and Freddie Mac on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in …
P&G selling pet food brands to Mars for $2.9 billion
(Reuters) – Procter & Gamble Co is selling the bulk of its pet food business to Mars Inc for $2.9 billion to focus more on its personal care and cleaning brands, the companies said on Wednesday.
RBS to pay $2.5 billion to end UK government’s dividend priority
LONDON (Reuters) – Royal Bank of Scotland has agreed to pay 1.5 billion pounds ($2.5 billion) to cancel an arrangement that gives the government priority over dividends, clearing an obstacle to the lender’s eventual privatization.
HP pays $108 million to settle DOJ, SEC corruption probes
SAN FRANCISCO (Reuters) – Hewlett-Packard will pay $108 million and agreed to take on certain reporting and compliance obligations to settle a Justice Department and SEC investigation into potential violations of the Foreign Corrupt Practices Act.
BofA to pay $727 million to consumers over credit card practices
WASHINGTON (Reuters) – Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday.
Volcker extension still challenging for new CLOs
NEW YORK (Reuters) – A Federal Reserve announcement on Monday that would relax Volcker Rule conformance periods still leaves banks holding collateralized loan obligation (CLO) debt in a quandary.
Fed to hold rates until at least July 2015, says slim majority: Reuters poll
(Reuters) – The U.S. Federal Reserve will not raise its key interest rate until at least July next year as it waits for the world’s biggest economy to gather pace, according to a slim majority of economists in a Reuters poll.
VW tells dealers to stop selling some 2014 model cars
(Reuters) – Volkswagen AG said it will stop selling about 27,000 current model year Jettas, Beetles, Beetle Convertibles and Passats with 1.8-liter engines and automatic transmissions in North America because transmission oil may leak, the automaker sa…
EU regulators allow RBS to cancel UK’s dividend share
LONDON/BRUSSELS (Reuters) – European regulators said on Wednesday they had agreed that Britain’s part-nationalized Royal Bank of Scotland can cancel a government-owned share that effectively stops it from paying dividends.
Greece to end its bond market exile on Thursday
LONDON/ATHENS, April 9 (IFR/Reuters) – Greece, at risk of crashing out of the euro zone just two years ago, will issue its first sovereign bond in almost four years on Thursday, seeking to send a strong political and economic signal it is on the way ou…
