New York News
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Harrison David, one of five Columbia University students arrested on drug charges in December, was sentenced to six months in jail and five years of probation yesterday.
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German financial regulator Bafin opposes a proposal by the European Banking Authority to give the European Financial Stability Facility the power to directly inject capital into banks.
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Utilities restored power in less than a week to about 57 percent of the customers who lost electricity after Hurricane Irene toppled trees, tore down power lines and caused flooding from North Carolina to Maine.
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Investors and federal regulators are demanding more information about Bank of America Corp.’s effort to resolve mortgage liabilities with an $8.5 billion settlement.
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Harrison David, one of five Columbia University students arrested on drug charges in December, was sentenced to six months in jail and five years of probation.
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A U.S. Bancorp unit asked a New York court to force Bank of America Corp.’s Countrywide Financial unit to repurchase more than 4,000 loans in a mortgage pool to repair breaches of contract related to improper underwriting.
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Alabama’s new immigration law giving police the power to verify the immigration status of people stopped for questioning, was blocked by a U.S. judge three days before it was scheduled to take effect.
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New York Local Government Assistance Corp., which helps the state fund payments owed to municipalities and school districts, will sell $191 million of tax-exempt bonds tomorrow to refinance variable-rate debt.
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The Federal Deposit Insurance Corp. filed an objection to Bank of America Corp.’s proposed $8.5 billion mortgage-bond settlement with investors, joining investors and states that are challenging the agreement.
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Dominique Strauss-Kahn, the former head of the International Monetary Fund, met with his successor and bid an emotional farewell to IMF staff during his first visit to the agency since his resignation in May.
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