U.S. regulators on Wednesday ordered Bank of America (BAC.N) to pay $727 million in relief to consumers over practices related to credit card add-on products. The Consumer Financial Protection Bureau also fined Bank of America $20 million over allegations of deceptive marketing of products and unfair customer billing practices. The […]
Author: InvestAdvocate
HP pays $108 million to settle DOJ, SEC corruption probes
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. The U.S. Department of Justice and the Securities and Exchange Commission have been conducting investigations into HP’s conduct […]
Global Financial Stability Improved, Still Challenged
IMF Survey April 9, 2014 Advanced economies healing, financial stability risks remain Emerging markets adjusting, corporates vulnerable to shocks Policymakers should finish repair of banks, corporates in euro area Over the past six months, financial stability has broadly improved in advanced economies and has deteriorated in emerging economies, according to […]
