Trust Goldman Sachs to make a record fine look like a good result
Bank of America, Citigroup, BNP Paribas and JPMorgan are all universal banks. The FHFA got Bank of America Merrill Lynch to pay $6bn and made it buy back . some mortgage securities. And then there is the big one: towards the end of last year JPMorgan had to. cough up a massive $13bn (unlucky for some), including $4bn related to. issues around mortgage securities. Earlier this month, BNP Paribas had to pay nearly $9bn and plead guilty to a. criminal charge for helping clients to evade US sanctions. which offer a wider range of services than a pure-play investment bank such. The French bank. of the loans it was turning into securities had a decided whiff about them. as Goldmans and therefore have the potential to get into bigger trouble when. was also banned from conducting US dollar-clearing transactions for a year,.
ABACUS COLUMN: Christmas nostalgia
- While convincing people to buy actual cash registers was a weakness for Ritty, selling the company patent for a cool grand to Jacob H. Eckert of Cincinnati, Ohio, was not. Eckert, noticing that the Ritty Model I needed a few more features to be
- I am not high maintenance when it comes to getting nostalgic about Christmas. It takes very little to bring back warm memories of family and friends, of places and events, as well as the Christmas Spirit. As an example, my wife and I received a
- Adultery by Paulo Coelho (Hutchinson, £14.99), his new novel, about a woman's search for fulfilment, and The Devotion Of Suspect X, by Keigo Higashino (Abacus, £7.99), because I've heard that it's my very favourite thing: a crime novel with a supremely