21, 2015, file photo, a Volkswagen logo is seen on car offered for sale at New Century Volkswagen dealership in Glendale, Calif. The Volkswagen executive, Oliver Schmidt, who once was in charge o… By MARYCLAIRE DALE Associated Press The 14-year-old Pennsylvania girl who was raped, tortured and killed at her adoptive mother’s house had been abused or neglected in at least three homes… By MARYCLAIRE DALE Associated Press A14-year-old Pennsylvania girl raped, tortured and killed at her adoptive mother’s home had been abused or neglected in at least three homes during her short life.
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Quicken Loans founder accuses DOJ of shakedown
Quicken Loans founder Dan Gilbert, whose company has refused to settle a lawsuit with the Department of Justice, said he’s looking forward to new leadership under President-elect Donald Trump. The Justice Department sued Quicken in 2015 following a three-year investigation, claiming the Detroit-based company approved hundreds of mortgages backed by the Federal Housing Administration that didn’t meet federal guidelines.
Why are Chicago homeowners leaving money on the table?
The city gave 155,000 middle- and low-income homeowners a one-time chance to significantly soften the blow of a property tax hike. But few have taken the opportunity.
Laurence Fink: The Trillion-Dollar Deadhead
Among the current crop of Wall Street financiers, Laurence “Larry” Fink has received the greatest number of awards and plaudits. He is the CEO and Chairman of BlackRock , the world’s largest multinational investment management corporation.
Credit Suisse: DOJ Settlement Resolution Provides Earnings Clarity
Credit Suisse’s litigation settlement with the DOJ over its pre-financial crisis mortgage-related underwriting and securitization practices provides better clarity over the bank’s litigation expenses over the upcoming years. Thesis : Progressive ROE normalization to just 7% by 2021 and book value of equity growth of 3%-5% year-over-year would project to generate annualized returns of ~10% over the next five years.
GOP plans to cut tax rates and brackets
Congressional Republicans are planning to simplify a complicated tax code that rewards wealthy people with smart accountants, as well as corporations that can easily shift profits and jobs overseas. Overhauling the nation’s tax system is a heavy political lift that could ultimately affect families at every income level and businesses of every size.
Republicans on taxes: Cut rates, brackets but what about deficit
Congressional Republicans are planning a massive overhaul of the nation’s tax system next year, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits – and jobs – overseas.
Banksters Pay $12.5 Billion to Settle Probes
Germany’s largest lender Deutsche Bank and Swiss banking giant Credit Suisse have agreed to pay a collective $12.5 billion to settle litigation stemming from their bundling of risky subprime and Alt-a mortgages during the mid-2000s credit bubble, which resulted in a severe housing collapse, billions of dollars of investor losses and widespread claims of deception. The agreements, struck just before a new administration takes the White House, adds resolution to the Obama administrations efforts to hold Wall Street’s largest banks accountable for their activities during the bubble and bust of the U.S. housing market.
Banksters Pay $12.5 Billion to Settle Probes
Germany’s largest lender Deutsche Bank and Swiss banking giant Credit Suisse have agreed to pay a collective $12.5 billion to settle litigation stemming from their bundling of risky subprime and Alt-a mortgages during the mid-2000s credit bubble, which resulted in a severe housing collapse, billions of dollars of investor losses and widespread claims of deception. The agreements, struck just before a new administration takes the White House, adds resolution to the Obama administrations efforts to hold Wall Street’s largest banks accountable for their activities during the bubble and bust of the U.S. housing market.
More on Idaho
Greeks “Chasing Greatness” Watch as ancient Greece’s legacy is invoked in Athens and at the steps of the U.S. Supreme Court. Take a look back at its rise and fall, which might not only help us understand the challenges we face now, but also point toward a better future.
Banks lift global stocks, dollar holds near 14-year peak
European stocks edged higher on Friday, helped by banks after two regional bellwethers settled investigations into U.S. mortgage securities, while oil and the dollar were on the back foot in light trading ahead of the Christmas break. Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany, December 22, 2016.
The Don of Hardcore Steps Up Again
In a photo published in 1982 by the small zine Maniac!, Paul Hudson, known then as H.R., stood over a pile of bricks and soil in a scraggly garden, his legs spread apart and every inch of his shirtless upper body tightly flexed. He called it his “last official punk pose,” and in the accompanying interview he explained why he was stepping away from his band, Bad Brains, changing his name to Joseph I, and starting a new, Rastafarian-influenced reggae outfit, Zion Train.
Stocks set to shine; Coca-Cola deal; Watching the banks
The Dow Jones industrial average and Nasdaq hit fresh all-time highs on Tuesday and they look set to continue lighting up Wall Street on Wednesday. 2. Coke’s Africa move: Coca-Cola announced Wednesday it’s paying nearly $3.2 billion to Anheuser-Busch InBev to buy the beer giant’s majority stake in Coca-Cola Beverages Africa.