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The $13 billion figure reached with the Justice Department may represent political theater as much as a real attempt to right wrongs. The NYT reports.
Goldman Sachs Group lost more than $1 billion on currency trades during the third quarter, recent regulatory filings show.
Happy Wednesday. What would you do with $13 billion?
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Companies making headlines after the bell Tuesday:
U.S. stocks tallied modest declines on Tuesday as investors wait to hear from the Federal Reserve in weighing central-bank monetary moves ahead.
JPMorgan Chase will pay $13 billion in a long-awaited deal with the Justice Department to settle claims over the financial crisis.
As the US threatened to default on its debt, banks spent millions of dollars on contingency planning and even prepared to underwrite federal benefits.
The expected JPM settlement shows "this government cannot be trusted when it asks an institution to come to the rescue," former prosecutor Jacob Frenkel tells CNBC.
The virtual currency has enjoyed a huge gain in value as investors have come to take it seriously, but Congress and regulators worry about misuse.
Amid new exchange rules, Goldman resumes sales talks of its metals warehousing business with potential buyers largely outside the United States.
A judge ordered MF Global to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement.
Dunna nunna nunna nuh ... BatKid! The founders of Clever Girls Collective explain how they helped BatKid's Make-A-Wish dream go viral.
Maybe you shouldn't hold a Twitter Q&A with an executive who's never tweeted and more lessons from the JPMorgan Twitter #DISASTER.
Former Treasury Secretary Timothy Geithner has taken a job as president of the private equity firm Warburg Pincus.
Not even $3 billion could convince Snapchat's founders to go work for Facebook's Mark Zuckerberg, but it was a better week for Amazon and Apple.
JPMorgan Chase has agreed to pay $4.5 billion to settle claims by 21 major institutional investors who lost money on mortgage-backed securities.
Jos. A. Bank Clothiers terminated its proposal to buy Men's Wearhouse, although Jos. A. Bank did not rule out another bid for its larger rival.
Moody's has cut the ratings of Morgan Stanley, Goldman Sachs and JPMorgan Chase, the credit ratings agency said.
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