A New Jersey Supreme Court ruling on affordable housing for the poor may be the final blow to Governor Chris Christie’s plan to take control of a regulatory agency and, according to critics, save land for the rich.
Regional lenders including Fifth Third Bancorp and BB&T Corp. are rooting for the Federal Reserve to let interest rates rise, a move that could help their results more than at some of the biggest Wall Street firms.
Regions Financial Corp. , Alabama’s biggest bank, had its credit rating cut for the second time this month by Moody’s Investors Service after the lender ousted three managers who oversaw risk and souring assets.
Rajat Gupta, the former Goldman Sachs Group Inc. director once accused of feeding inside information to Galleon Group LLC’s Raj Rajaratnam, will face federal charges, a person familiar with the matter said, making him the highest-ranking executive to be named in the probe.
Vinson & Elkins LLP is closing its Shanghai office later this year and will consolidate the China practice in its existing Beijing and Hong Kong offices, according to a firm memo by Chairman Mark Kelly.