Jan 19 2017
Deutsche Bank has slashed staff bonuses as it faces up to the $7.2bn bill it owes United States authorities as a result of the sale of toxic mortgage securities before the 2008 financial crisis took hold.
Europe's biggest lender Deutsche Bank and the US Department of Justice have reached an agreement over its sale of toxic mortgage-backed securities before the 2008 financial crisis, according to the government agency.
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15 states involved in milk lawsuit refund
Individuals may be entitled to $10 to $20, while entities (such as schools and organizations) may receive between $280 to $560. To be part of the settlement, you will need to have bought a milk product at a grocery store or other retailer.
Morgan Stanley (NYSE:MS) & Himax Technologies, Inc
Morgan Stanley digital signage is displayed on the exterior of the company's headquarters in NY , U.S., on Friday, Oct. 7, 2016. The bank's return on equity was 8.7% in the quarter, short of Gorman's target of 9% to 11% by the end of 2017.
Carrie Fisher's death certificate confirms heart attack
Fisher's daughter Billie Lourd is listed as the notifying party and the certificate lists "writer" as Fisher's main occupation. The iconic actress, who was 60, was transported from the airport to the UCLA medical centre, but never regained consciousness.
As part of the settlement, Deutsche Bank has agreed to fully cooperate with investigations related to the conduct covered by the agreement. "In concrete terms, this means that employees with the corporate titles of Vice President, Director and Managing Director will receive the group variable compensation component but not any individual variable compensation component for the 2016 financial year", the statement added.
"This resolution holds Deutsche Bank accountable for its illegal conduct and irresponsible lending practices, which caused serious and lasting damage to investors and the American public", US Attorney General Loretta Lynch said in the release. "This is especially true at a time when thousands of jobs are being cut and our shareholders are not receiving an annual dividend". Deutsche Bank's then-CEO Josef Ackermann also waived his bonus at the time, along with other members of the bank's management and supervisory boards.
Separately, Deutsche Bank will slash bonuses for senior employees by about 90 percent, a move that will be announced on Wednesday, Spiegel reported.
Jan 19 2017
Dakota Access protest arrests surpass 600
Now, a legislator wants to give motorists a pass if they happen to hit one of the protesters. Keith Kempenich told the paper.
Jan 19 2017
'123456' still the most common password, despite hacks and warnings
For the study, the team scoured 10 million passwords that became public through data breaches that occurred previous year . This is stunning given that today's brute-force cracking software and hardware can unscramble those passwords in seconds.
Jan 17 2017
A Pendant Just Like Anne Frank's Found At Nazi Holocaust Camp
Experts at Yad Vashem , the Holocaust study center in Jerusalem, say the pendant belonged to a girl called Karoline Cohn. A decades-old pendant with potential ties to Anne Frank has been found on the grounds of a former Nazi death camp.
Jan 17 2017
Eight billionaires 'own same as half the world'
A new wage-gap analysis by worldwide aid group Oxfam underscores the stark gap between the super-rich and everyone else. For example, to spend just one billion dollars, you'd need to shell out nearly $55,000 every single day for 50 years.
Jan 17 2017
Oil prices edge up on China crude imports
In an attempt to assure compliance, OPEC set up an oversight committee to keep participating nations' production in check. Investors have doubted that OPEC and its allies can trim output enough to push up prices.
Jan 15 2017
Ted Cruz to Mark Levin: 'Very Likely' Sessions Will Be Confirmed
For Schumer, Sessions isn't the right man for the job: But the newly-elected Senate minority leader may not be able to stop him. Sessions needs 50 votes to win confirmation in the Senate, meaning the GOP could approve him without any votes from Democrats.
Jan 14 2017
Reliance Jio may soon launch a VoLTE feature phone below Rs 1500
The company wants to focus on launching cheap internet services for Indians, and will also get into WiFi hotspot business soon. The integration of VoLTE support in budget smartphones will be indeed a big bonus for users who are facing a cash crunch.
Jan 14 2017
Morocco Bans Niqab, Burqa for Security Reasons
King Mohammed VI of Morocco recently signalled that he favours moderate versions of Islam and said jihadis were heretics. Morocco's official religious authorities have not taken a position on the issue.
Jan 13 2017
French far-right leader Marine Le Pen visits Trump Tower
Le Pen is reportedly considering returning to Russian Federation to ask for more of le cash . Asked if she was here in a professional or personal capacity and she declined to answer.
Jan 13 2017
United Kingdom studying annual levy on skilled European Union workers, minister says
The remarks proved contentious in the United Kingdom and Ms May appeared to distance herself from the suggestion. Jobs Minister Mary Mitchell O'Connor said it would be improper for her to speculate on the proposal.
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