Former Washington Mutual Inc. Chief Executive Officer Kerry Killinger and two other bank officials are in settlement talks with the Office of the Comptroller of the Currency, the last chapter in the government’s probe of the largest U.S. bank failure.
Three former executives of Washington Mutual Inc. will together pay $400,000 out of pocket as part of a $64 million settlement with the Federal Deposit Insurance Corp. over the largest U.S. bank failure, according to a person briefed on the matter.
Paul Ceglia, who says that a 2003 contract entitles him to half the Facebook Inc. holdings of the company’s co-founder and chief executive officer, Mark Zuckerberg, showed no deception on a polygraph test about his claim last week, his lawyers said in a court filing.
Anders Holch Povlsen, the owner of Danish fashion company Bestseller A/S, is buying a stake in Zalando GmbH, adding the German online clothing retailer to an investment portfolio that includes its competitor Asos Plc.
Former Washington Mutual Inc . Chief Executive Officer Kerry Killinger and ex-Chief Operating Officer Stephen Rotella took extreme risks with the bank’s home-loans portfolio, causing billions of dollars in losses, the Federal Deposit Insurance Corp. said in a lawsuit.
Former Washington Mutual Inc. Chief Executive Officer Kerry Killinger and Chief Operating Officer Stephen Rotella are in lawsuit settlement talks with the Federal Deposit Insurance Corp., according to a court filing.