It’s not just the pain and anguish of the family members who lost loved ones in the crash of Malaysia Airliner 17 and caused an increase of conflict in Ukraine; it’s also…
Category: Finance
Citigroup, Inc. To Pay $7B Settlement For Role In 2008 Financial Disaster
Officials and Citigroup, Inc. said in an effort to settle multiple state and federal government investigations, the company will pay $7 billion in consumer relief and cash regarding its sale of substandard…
Bankruptcy Proceedings for Detroit will Go Forward after Judge Ruling
U.S. Federal Judge Steven Rhodes announced on Tuesday that the City of Detroit, Michigan, met all of the criteria required for moving forward with its bankruptcy proceedings. The case will mark U.S….
JP Morgan under Shadow of Criminal Prosecution over Bernie Madoff
Banking giant JP Morgan had more added this week to its plate of woes when word was announced that U.S. Federal authorities are looking to criminally prosecute certain members of the corporation….
Market Surges on Word of End to U.S. Government Shutdown However More Turmoil on the Horizon
Stock markets surged late Wednesday upon word that U.S. lawmakers were likely to reach a deal by the end of the day to reopen the government and raise the debt ceiling. The…
U.S. Stocks, Oil Affected by Possible Syria Strike
U.S. stocks made a sharp drop on Tuesday amid speculation of a likely U.S. military strike against Syria for suspected use of chemical weapons. Oil, which typically is sensitive to Middle East…
Obama Wants Financial Regulators to Accelerate Reform
President Obama met with financial regulators on Monday to stress the urgency for implementing all of the provisions of the Dodd-Frank Act of 2010. The Act was signed by the President in…
House Passes Bill, Linking Student Loan Interest Rates To The Financial Markets, Bill Headed To President’s Desk
After a long battle between the White House and Congress, a measure that links student loan interest rates to financial markets has passed the House, in a 392-31 vote. The compromising legislation…
Congress Resolves Issues of Student Loan Rates
On Wednesday, the U.S. Congress passed the Bipartisan Student Loan Certainty Act of 2013 which lowers student loan rates by tying them to market conditions. President Obama has expressed that he will…
U.S. Consumer Confidence Drops amidst Rise in Home Prices
The Conference Board announced Tuesday that the consumer confidence index dropped in July to 80.3. The drop comes amidst a rise in home prices on the U.S. market. It is a slight…