The settlement, which reflects an average payout of $1.85 million to dealers, must still be approved by a judge in San Francisco . Dealers will also have the option to opt out if they want to sue Volkswagen individually. In regular driving, the vehicles were found to spew up to 40 times the legally allowed amount of nitrogen oxide. VW has admitted it installed improper software that deactivated pollution controls on more than 11-million diesel vehicles sold worldwide.
Shares of JPMorgan, Bank of America and Citigroup were up about 0.4 percent in premarket trading on Friday. The U.S. government had been asking for $14 billion to settle claims over the bank's sales of mortgage securities, complex investments that were one of the causes of the global financial crisis in 2008.
In Tuesday's Politico/Morning Consult poll, 49% of registered voters thought Clinton won the debate, compared with just 26% who felt Trump came out on top. There is evidence that Hillary Clinton did say some nasty things in private about the women with who Bill Clinton slept around with. Giuliani said that Bill Clinton disgraced this country with what he did in the Oval Office..
The contests in MA and Rhode Island focused on the sales of securities-based loans, or SBLs, which let customers borrow against the value of the securities in their investment accounts with their securities as collateral, authorities said. According to bank documents cited in the lawsuit, Morgan Stanley rewarded employees with an extra $1,000 for making 10 loans, $3,000 for 20 loans, and $5,000 for making 30 loans.
Evercore noted that there weren't many new developments at the hearing, but there were several interesting takeaways related to the expanded scope of the review among other things, Barron's reports . A Justice Department investigation found the violations spanned more than seven years. The Labor Department is investigating whether Wells Fargo abused its employees while driving them to meet the lofty sales targets.
Deutsche Bank was embroiled in a market storm last week over concerns the lender did not have enough funds to cover a reported US Department of Justice (DOJ) demand for Dollars 14 billion to settle claims that it had sold toxic mortgage-backed securities before the global financial crisis.
The Department of Justice wants Deutsche Bank to pay $14 billion to end an investigation into mortgage-backed securities, and the stock jumped Friday after a report that the bank could settle the case with a smaller payment. Shares in Deutsche Bank swung wildly on Friday, touching a record low before roaring back to life, amid speculation about the stability of Germany's biggest bank and the European financial system.
With oral arguments postponed for a day because of the Rosh Hashana Jewish holiday, the first Monday in October that marks the beginning of the new Supreme Court term became a day of rejection. As a result of the high court's 4-4 split, a 2015 lower-court ruling invalidating Obama's plan was left in place. Obama's plan never was implemented because the lower courts had blocked it.
People have lined up by the dozens outside state stores to buy subsidized food ahead of Hurricane Matthew's expected arrival at the eastern tip of Cuba on Tuesday. The storm should then be in the Bahamas by Wednesday and heading up Florida's east coast on Thursday. "While most models continue to show the storm moving off our coast, the uncertainty is high".
The National Transportation Safety Board says its investigators have spoken with the train's engineer, Thomas Gallagher. According to Dinh-Zarr, Gallagher told them that he started work at 6:46 a.m., and he felt fully rested, and he said his cellphone was turned off and in his backpack.
Victor Wanyama warned Spurs can beat anyone in the Premier League after they smashed Manchester City 's 100 percent record. "In that sense, it's normal". The Argentine took particular satisfaction from the fact that Spurs had prevented a Guardiola team from dominating possession until the latter stages.
B. 2. In a joint statement issued Sunday night, North Carolina Senate Leader Phil Berger (R) and House Speaker Tim Moore (R) said the only way they can repeal HB2 is if the Charlotte City Council gets rid of a separate, local anti-discrimination law.
Cleveland is a young team in Coach Hue Jackson's first season. They're 0-3 this season and 3-19 dating back to the start of 2015. "Dynamic athlete", Miami defensive tackle Ndamukong Suh said. As a member of the Ohio State Buckeyes, Pryor was a quarterback, throwing for 6,177 yards and 57 touchdowns. "He had a lot on his plate this week". "Yes, but I don't have a great answer for you right now until I go back and take a look at the film", said Gase when asked about his team's struggles on ...
USA shares of Deutsche Bank AG NA O.N. (NYSE:DB) were sharply higher on Friday after the rout a day earlier on the back of a Bloomberg report that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and adjusted positions held at the lender added to concerns over the banks health and its possible contagion to other global banks.
He also is giving up any bonuses for this year, as is Carrie Tolstedt, the former head of the retail operation. Its holdings with Wells Fargo is divided between $104 million in stock and the remainder in fixed income securities. The state is among the first to take action in response to the scandal. Stumpf finally shared some basic information about the potential victims, saying those affected skewed to younger Wells customers.
Shimon Peres was laid to rest alongside two other former Israeli prime ministers, one of whom - Yitzhak Rabin - was leader during the Oslo peace process. Security Council resolution. "He was a great man of Israel". Peres "knew better than the cynic that if you look out over the arc of history, human beings should be filled not with fear but with hope".
According to Pete Thamel of Sports Illustrated , the school is "very close" to deciding to fire Strong once the season ends. The Longhorns, who started the season with a 50-47 double-overtime win over Notre Dame and a 41-7 victory over UTEP, face No.
Without the third-party candidates, Clinton leads Trump, 48 percent to 43 percent. Typically these are expensive media events geared at pitting the contenders together in face-to-face match-ups for 90 minutes to answer questions on local and worldwide issues and on subject areas including the economy, national security, foreign policy, and any other pressing current issues in the country at the time .
Register for the Ask the CIO Chat with Andy Ozment of the Homeland Security Department on October 11, at 1:30 p.m. The two recorders could contain information on speed, braking and other conditions that can help investigators determine whether the tragedy resulted from an equipment malfunction or a distracted or incapacitated engineer.
Slaven Bilic's time as West Ham United boss is reportedly nearing an abrupt end, according to the Daily Express , who claim the club's bosses have ex-Roma boss Rudi Garcia down as a potential replacement. He did that because he has that quality, it's one of the reasons why he is one of the best players in Europe. "We are not a one-player team, but the others have to take their lead from Dimi".
At least six outbuildings were also destroyed. While most of the smoke-affected areas are now in the mountain and south-county areas, health officials expect the smoke may increase throughout Santa Clara County in the next days and week. Light winds blowing south-easterly have transported smoke from the fire into southern Santa Clara County, creating localized impacts. Crews braced for another day of witheringly low humidity and temperatures in the upper 90s.
Kim Kardashian was held up at gunpoint during Paris Fashion Week , her publicist said just hours after news broke that her husband, Kanye West , left a concert in NY the middle of a song because of a " family emergency ". In a message to The Associated Press , the Paris prosecutor's office said that only two of the five suspects forced their way into the apartment. It's unclear whether the couple's two children , 3-year-old daughter North and 10-month-old son Saint, were with ...
The problem is the roof of the open-air train shed at the terminal, which collapsed during the accident and was still resting on top of the train Saturday evening, according to a statement by the National Transportation Safety Board. Some federal officials said the Hoboken crash could have been prevented if the transit agency had installed a device known as positive train control.
India blames Pakistan for a deadly assault on an army base in the disputed Himalayan region of Kashmir this month that has heightened fears of a new conflict between the nuclear-armed neighbors. India says its use of upstream water is strictly in line with the agreement. The Indus Water Treaty , brokered by the World Bank and signed not long after both countries gained independence from Britain, regulates river flows between the two nations.
It's now attempting to convince investors to buy billions of euros of soured debt before another stock sale. Last month, the bank appointed the former Italy head of Bank of America Merrill Lynch (BAC.N), Marco Morelli, as its new chief executive last month to drum up support for the plan.
Oil prices settled up almost 6 percent on Wednesday in the USA after news of the deal, then continued to rise early in Asian trade before those gains pared. Ministers from the oil cartel reached a preliminary deal Wednesday in Algeria to cut production for the first time since the global financial crisis eight years ago.
And for the first time since 2008, the Ryder Cup is staying in America. Radio Five Live will broadcast commentary from 5pm United Kingdom time. United States 7½, Europe 4½. "I can't believe a week ago I didn't even know I was going to be here". It's amusing how this player turned out to be Reed, a me-centric kid thrown off the University of Georgia team for boorish behavior (some of it fueled by alcohol), suspended by his Augusta State coach for more boorish behavior, and universally ...
Shortly after West left the Meadows Festival grounds, news broke that Kardashian had been the victim of an armed robbery at her hotel room in Paris . The venue later posted on social media with the message, "Due to an emergency, Kanye West had to end his performance early". On Monday morning, police were gathered outside the Hotel de Pourtales, which has been described as a "no address establishment" which offers luxurious and discreet apartment rentals to the rich and famous.
Asian markets rallied on Monday with financials up on easing fears about the future of German giant Deutsche Bank after a source said it was nearing a deal to slash a multi-billion-dollar United States fine. Prime Minister Theresa May said on Sunday she would trigger the process to leave the European Union by the end of March, offering the first glimpse of a timetable for a divorce that will redefine Britain's ties with its biggest trading partner.
A spokesman said that the leak had been caused by "a technical issue with the system created to separate the mixed production fluids of water, oil and gas". Industry, government and BP officials, as well as and environmentalists, will be keeping a close eye to the oil spill off Shetland, given the notoriety BP has gained with the Deepwater Horizon disaster in 2010.
The successive declines suggest home building might not help economic growth in the third quarter. Public construction fell 2.0% to $270.5 billion SAAL, largely due to a decline in highway and street construction. New single-family construction spending closed August with a $235.6 billion, down -0.3% month-over-month, still an increase of 1.4% year-over-year.
Deutsche, Germany's biggest lender, has been engulfed by crisis after being handed a demand for up to $14 billion earlier in September from the USA authorities for misselling mortgage-backed securities. The bank is fundamentally strong, is meeting its capital requirements, is profitable and has "an extremely comfortable buffer" when it comes to liquidity, with reserves of more than 215 billion euros, he said.
Theft is theft", committee head Rep. Jeb Hensarling, R-Texas, told Stumpf. Members of the House Financial Services Committee took CEO John Stumpf to task for this, as well as for not making the fraud public sooner, in a congressional hearing Thursday.
The bank has faced near-constant criticism since September 8, when regulators slapped it with a $185 million fine, saying that employees opened or attempted to open accounts without customers' authorization. Stumpf's leadership. The chief executive of Wells Fargo was once again taking heat from Congress Thursday. "I'm moving forward to break up Wells Fargo bank", Waters said.
The show was hosted by Chuck Barris, creator of The Dating Game and The Newlywed Game , and featured a judging panel with comedy stars of the day like Arte Johnson, Phyllis Diller and more. "We've found just the right partners to bring back this iconic original". This summer, ABC had hits with revived game shows including "20,000 Pyramid " and "The Match Game ", all of which have been renewed.