A U.S. housing regulator urged a federal judge on Monday to award it $1.1 billion due to false claims made about "crap" mortgages underlying securities sold by Nomura Holdings Inc to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis.
Senior bankers will be presumed guilty until proven innocent under strict new rules proposed by British regulators seeking to hold individuals accountable for bank failures.
Plans to ban branding on cigarette packaging in England passed their final legislative hurdle on Monday after lawmakers in Britain's upper house of parliament approved them, meaning firms will be forced to adopt plain, standardized packets.
President Barack Obama has a stern message for the younger generation about their political priorities: care more about climate change, and less about legalizing marijuana.
