Credit Suisse Group AG the Abu Dhabi Investment Council's arbitration steps to recoup a total of $35 million in funds it loaned to Golomt Bank LLC showed a glimpse of the latter's dubious dealings, which partly repelled foreign investors from making further investments in mineral-rich Mongolia.
A lobbyist group executive said US lawmakers need to debate whether a quick amendment of the existing federal toxic substances law was a solution to avoid accidents like the recent chemical spill at a Charleston, West Virginia water source, which led to the contamination of the water supply of around 300,000 people.
US Bankruptcy Judge Stuart Bernstein approved JPMorgan Chase & Co's to pay $325 million to Bernard Madoff lawsuit trustee Irving Picard and another $218 million to settle two other cases that Picard helped file, Bloomberg said in a report.
Neiman Marcus and Target executives assured members of the US Senate Judiciary Committee that due diligence has been exerted in confirming the latest data breaches they have encountered prior to informing its customers about it. US Sen. Diane Feinstein has challenged her peers to draft requirements regarding companies informing their clients the soonest that an indication of a data breach has been seen.
