A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit. In a second hearing on the penalties to be imposed on the bank, U.S. […]

Nigerian lawmakers haven’t passed a long-delayed oil industry reform bill because of “intensive lobbying by interest groups,” Finance Minister Ngozi Okonjo-Iweala said. Foreign and Nigerian groups “benefit from the status quo either through favorable oil deals or favorable treatment by the Nigerian tax system,” she wrote in an opinion piece […]

A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a subprime mortgage product that failed during the financial crisis. The decision by U.S. District Judge Katherine Forrest in Manhattan came […]