A lawsuit was filed in the US against German's Deutsche Bank. Failure of the bank to monitor its investors loss led to the filing of this case by Belgium Royal Park Investment.
Wells Fargo is set to pay $1.2 billion to settle the case claiming reckless lending practices during a program by the Federal Housing Administration. It is expected to affect the bank's 2015 expenses and reduce their profit. The settlement is set to be forwarded to the Justice Department.
Congress once again passed a bill that could potentially ruin the progress that the reinvigorated relationship between USA and Iran has so far established.
Deputy VA Secretary Sloan Gibson vows to punish Diana Rubens and Kimberly Graves after appeals reversed his order demoting the pair. These two executives forced lower ranking officials to relocate positions and took the jobs themselves to reduce their job responsibilities.
