President Barack Obama has decided to delay any executive action on immigration until after the November congressional elections.» Read More
Two White House officials said Obama concluded that circumventing Congress through executive actions on immigration during the campaign would politicize the issue and hurt future efforts to pass a broad overhaul.
The IRS said in June that it could not locate an untold number of emails to and from Lois Lerner, who headed the IRS division that processes applications for tax-exempt status.
WASHINGTON— Leaving his timing uncertain, President Barack Obama laid out ambitious objectives Friday for immigration steps he intends to take on his own and said he had already received some recommendations from the Homeland Security and Justice departments for executive action he could implement without Congress.
NEW ORLEANS— Environmentalists, recreational fishermen and people who make their living on the Gulf of Mexico are hailing a federal judge's ruling that could mean $18 billion in additional fines for BP over the nation's worst offshore oil spill. "BP should have to pay, they've done a lot of damage," Smith said.
Tony West, a senior U.S. Justice Department official who oversaw investigations into bank mortgage practices, is leaving.
WASHINGTON, Aug 21- Bank of America Corp has reached a $16.65 billion settlement with U.S. regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. Bank of America said the accord is expected to reduce third-quarter earnings by about $5.3 billion before taxes, or about 43 cents per share after taxes.
Aug 6- Bank of America Corp is close to a deal with the U.S. Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and companies it bought sold in the run-up to the financial crisis, a person familiar with the matter said on Wednesday.
The SEC's Office of Inspector General started the investigation after Reuters published information about the regulator's decision, taken in a closed-door meeting on Sept. 12, 2013, to settle its probe into JPMorgan Chase& Co's massive London Whale trading loss. The SEC made its decision public on Sept. 19, 2013.
WASHINGTON- More than 46,000 drug offenders will be eligible for early release from federal prison under an amendment to sentencing guidelines passed on Friday by a U.S. judiciary agency- unless Congress blocks the change. Congress has the authority to block both amendments by Nov. 1 of this year.
Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.
WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.
July 14- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said it took a related pre-tax charge of about $3.8 billion in the second quarter. Citigroup's shares were up 3.9 percent at $48.82 in premarket trading on Monday.
July 14- Citigroup Inc said it agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis. Citigroup said on Monday it would pay $4.5 billion in cash and provide $2.5 billion in consumer relief. Citigroup's shares were up 1.4 percent at $47.65 before the bell.
NEW YORK, July 13- Citigroup agreed to pay $7 billion to resolve a U.S. government investigation into shoddy mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis in a settlement set to be announced on Monday, sources said.
Bank of America has discussed paying about $12 billion to settle the probes, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources said.
July 3- SunTrust Banks Inc, a large U.S. southeast regional bank, will pay as much as $320 million to resolve a criminal probe into its mortgage unit's mismanagement of a federal program designed to help struggling homeowners avoid foreclosure during the recession.
ATHENS, June 25- President Barack Obama's administration will push the U.S. Congress to enact legislation to give European Union citizens the right to sue in the United States if they think their private data has been released or misused, the U.S attorney general said on Wednesday.
Bank of America has asked the U.S. Attorney General to meet with its chief executive officer in an attempt to resolve differences over a mortgage settlement.
Representatives of Bank of America Corp have asked U.S. Negotiators for Bank of America and the Justice Department have not met in more than a week and have no plans to do so after a flurry of meetings did not bring them close to a settlement amount, sources said.