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Wells Fargo to pay Citi $100m over Wachovia

By Agency Reporter Monday, 22 Nov 2010 NEW YORK: Wells Fargo and Company will pay Citigroup Incorporated $100m to settle multiple lawsuits over the contentious 2008 purchase of Wachovia Corporation, closing another chapter in the receding financial crisis, Reuters reported on Saturday. The banks said the settlement would resolve all claims […]

WTC recovery workers agree to generous settlement

By Agency Reporter Monday, 22 Nov 2010 WASHINGTON: The long, expensive, emotionally racking lawsuits filed by more than 10,000 World Trade Center rescue and recovery workers have come to an end, as all but a small minority have agreed to accept settlements. According to a report by nydailynews.com, each and every […]

Federated replaces Lehman with Noland after declines

By Agency Reporter Monday, 22 Nov 2010 BOSTON: Federated Investors Incorporated named Douglas Noland as manager of its Market Opportunity Fund, replacing Steven J. Lehman after returns trailed those of peers in the stock market recovery. According to a report by Bloomberg on Friday, Lehman is no longer with the company, […]