New York probing how banks use databases to screen customers: NYT
(Reuters) – New York’s attorney general is investigating six of the top U.S. banks over reports that they are unfairly using databases to disqualify people seeking to open checking or savings accounts, the New York Times reported on Thursday, citing pe…
Principal Financial targets big banks in Libor lawsuit
(Reuters) – Principal Financial Group Inc , a large asset management and insurance company, on Thursday filed a federal lawsuit accusing nearly 30 defendants, more than half of which are banks, of rigging global benchmark interest rates.
Buyers snap up vehicles in July, but fleet sales weak
DETROIT (Reuters) – Auto sales to individual U.S. consumers beat expectations in July and major automakers reported low inventories for many hot-selling models, such as Ford Motor Co’s Fusion mid-size sedan, suggesting sales would strengthen further th…
SEC wins as ex-Goldman executive Tourre found liable for fraud
NEW YORK (Reuters) – A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, in a big victory for the U.S. Securities and Exchange Commission.
Icahn sues Dell in latest attempt to foil buyout
(Reuters) – Activist investor Carl Icahn sued Dell Inc and its board on Thursday, his latest attempt to derail a $24.4 billion buyout bid by the computer maker’s founder and CEO Michael Dell.
AIG investors cheer first capital return since bailout
(Reuters) – American International Group Inc announced its first capital return since its 2008 bailout, through a dividend and share buyback, sending its shares up 6 percent after the bell.
Dow, S&P 500 end at highs after data, stimulus in place
NEW YORK (Reuters) – The Dow and S&P 500 hit record closing highs on Thursday, with the S&P 500 topping 1,700 after strong data on factory growth and as major central banks said they would keep monetary stimulus in place.
Bank of America expects civil charges over mortgage bonds
(Reuters) – The Justice Department intends to file civil charges against Bank of America Corp linked to a sale of one or two mortgage bonds, the bank said on Thursday in a regulatory filing.
Macy’s, JC Penney, Martha Stewart wrap up lawsuit arguments
NEW YORK (Reuters) – Macy’s Inc told a judge on Thursday that J.C. Penney Co should be barred from selling certain home goods designed by celebrity trendsetter Martha Stewart, and Penney and Martha Stewart Living Omnimedia also delivered closing argume…
Penney says CIT still funding vendors; others keep same terms
(Reuters) – J.C. Penney Co Inc said on Thursday that commercial lender CIT Group Inc continued to support deliveries from suppliers, and claimed reports to the contrary were untrue.
