Government
For $16.65B, Bank of America Resolves Mortgage Charges
Bank of America Corp. reached a record $16.65 billion settlement with the U.S. government to settle charges that it and companies it bought misled investors into buying troubled mortgage-backed ...
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
Global Bank Giants Face U.S. Warnings Over Risk Assessment Practices
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, ...
Report: U.S. Nuclear Regulatory Commission Hit By Cyber Attacks
The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the ...
U.S. Ready to Sue Countrywide Co-Founder in Mortgage Fraud Case
Countrywide Financial Corp. co- founder Angelo Mozilo hasn't escaped the wrath of prosecutors for his company's role in inflating the U.S housing bubble that preceded the financial crisis. More than ...
Canada Feds: Rail Disaster Followed Inadequate Company Audit
The Canadian government did not adequately audit the railroad company at the center of the Lac-Mégantic crude tanker disaster, which last year killed 47 people, an independent federal agency said on ...
Subterranean Reservoir Meets Tokyo Typhoon Threat
Below the condos and boutiques of Tokyo's upscale Minato ward -- which includes Roppongi Hills, home to Goldman Sachs Group's Japan headquarters -- a boring machine has carved out the city's newest ...