News
U.S. Comptroller Defends Settlements with Banks, Hits Critics
A top U.S. bank regulator on Tuesday offered a lengthy defense of entering into settlements with banks, taking a swipe at critics who have questioned whether regulators are aggressive enough in ...
Google, Spain In Court Over EU Privacy Law; Global Implications Seen
Google did battle with Spain's data protection authority in Europe's highest court on Tuesday, in a case with global implications that poses one of the toughest questions of the Internet age: When is ...JPMorgan Chase Cutting Up To 17,000 Jobs By Year-End 2014
JPMorgan Chase & Co. said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6 percent of the company's overall workforce, as the bank sheds staff that helped it ...Wall St. Cash Bonuses Up In 2012: N.Y. Comptroller
While still below pre-crisis levels, Wall Street cash bonuses are forecast to have risen in 2012 to their highest since 2010, New York state's comptroller said on Tuesday. The securities industry's ...Brazil Cyber Crimes Law To Take Effect In April
Long seen as the Wild West of online fraud, Brazil is about to implement its first cyber crimes law in an attempt to protect its rapidly expanding banking and e-commerce industries. But online ...
Profits For U.S. Banks In 2012 Highest Since 2006: FDIC
The U.S. banking industry in 2012 recorded its highest earnings since before the 2007-2009 financial crisis, according to data released on Tuesday by the Federal Deposit Insurance Corp. The FDIC said ...
Manufacturing Leaders Expect Growth: Travelers Survey
Travelers reported that nearly three-quarters of leaders in the manufacturing industry are expanding product and service offerings and 88 percent are hiring, based on results of a recent survey ...IKEA Reacts; Horse Meat Found in Swedish Meatballs
Swedish furniture giant IKEA was drawn into Europe's widening food labeling scandal Monday as authorities said they had detected horse meat in frozen meatballs labeled as beef and pork and sold in 13 ...