Bank of America executives’ pay rose 12 percent in 2013
(Reuters) – Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
Chevron’s U.S. win in Ecuador case looms over cases elsewhere
NEW YORK (Reuters) – Ecuadorean villagers who are trying to get billions of dollars from Chevron Corp for pollution in the Amazon jungle are ready to refocus their fight on pending suits in other countries after a setback in the United States.
U.S. investigates two French banks for sanctions violations: source
NEW YORK (Reuters) – U.S. authorities are investigating whether two French banks violated anti-money laundering rules and economic embargoes on countries like Iran, according to a person familiar with the investigation.
JPMorgan whistleblower gets $63.9 million in mortgage fraud deal
(Reuters) – A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co’s agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.
GM must address recall soon to avoid damage to reputation
DETROIT (Reuters) – General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least …
U.S. consumer credit growth held back by credit card decline
WASHINGTON (Reuters) – U.S. consumer credit grew in January but was held back by a contraction in credit card usage that could be a negative sign for the economy.
Financier Hands drops U.S. lawsuit over EMI, pursuing UK case
NEW YORK (Reuters) – British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd but plans to keep pursuing the case in England.
Exclusive: Pimco’s Gross declares El-Erian is ‘trying to undermine me’
(Reuters) – Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to “undermine” him by talking to The Wall Street Journal about deepening tensions between …
MasterCard, Visa form group to push for better card security
(Reuters) – Visa Inc and MasterCard Inc said they had launched a cross-industry group to improve security for card transactions and press U.S. retailers and banks to meet a 2015 deadline to adopt technology that would make it safer to pay with plastic….
UBS’s Brazil unit to make quiet return to investment banking: sources
SAO PAULO (Reuters) – UBS AG will restart investment banking operations in Brazil as early as next week, sources said, almost five years after Switzerland’s biggest bank sold its highly profitable securities unit there following the global financial cr…
