A U.S. judge said she wasn’t ready to approve Citigroup Inc. ’s $75 million settlement with federal securities regulators over claims the bank misled investors by failing to disclose $40 billion in subprime-related holdings.
Citigroup Inc. failed yesterday to win a judge’s approval to pay $75 million to settle with the U.S. Securities and Exchange Commission over claims the bank misled investors by understating subprime-related holdings.
Billionaire Uday Kotak, the controlling shareholder of the Indian bank with the highest lending margins, said rising bad loans will pose challenges this year to lenders in Asia’s third-largest economy.
House Speaker John Boehner is accusing the White House of deciding to “conceal” a Justice Department opinion that contradicts President Barack Obama’s argument that the U.S. mission in Libya doesn’t need congressional authorization to continue.
The Obama administration’s decision to interrogate the Boston Marathon bombing suspect without first warning him of his rights has sparked criticism from both sides of the political spectrum about the best way to prosecute terrorism cases.
The Obama administration may want to seek other ways to prosecute Guantanamo Bay inmates following a New York jury conviction of an alleged al-Qaeda bomber on only one of 285 counts in the 1998 attacks on U.S. embassies in Africa that killed 224 people.