The Musi-Cafe bistro was one of the liveliest gathering spots in Lac-Megantic, Quebec. On the night a runaway train carrying crude exploded in the small town, it became a scorched landmark for the worst Canadian rail disaster in more than a century.
European officials may have to bail out and nationalize some private banks to avoid another global recession, said Russell Jones, global head of fixed-income strategy at Australia’s second-biggest lender.
The British Broadcasting Corp. may be weighed down for years by a wave of civil lawsuits and reputational damage resulting from allegations of decades of sexual abuse of children by former television star Jimmy Savile.
Morgan Lewis & Bockius LLP hired a Washington team of white collar attorneys formerly of White & Case LLP and led by former acting U.S. Attorney General and Deputy Attorney General George J. Terwilliger III.
Royal Bank of Scotland Group Plc’s NatWest unit froze the estate of late British Broadcasting Corp. television star Jimmy Savile in anticipation of possible legal claims alleging he sexually abused girls for decades.
With no plan from Congress or the Obama administration to shutter Fannie Mae and Freddie Mac, the companies’ regulator told Congress yesterday it will expand its oversight with a strategic plan to develop new systems and standards for home loans.