Bank's feud with Times Co. ends
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Morgan Stanley has sold its 7.2 percent stake in The New York Times Co. , people close to the matter said yesterday, marking the end of a bitter fight between one of the bank's asset managers and the company.
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Bank of America Corp. BAC.N, the No.   2 U.S. bank, has agreed after a multiyear investigation to pay   $7.5 million to settle charges it failed to prevent money   laundering, the Manhattan District Attorney's office said on   Wednesday.
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U.S. buyout fund Lone Star is close to  terminating its $7.3 billion deal to sell Korea Exchange Bank  (KEB) to Kookmin Bank (060000.KS) because of a prosecutors'  investigation, the Financial Times reported on Wednesday.
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A court dropped its case against Deutsche Bank CEO Josef Ackermann and five others over a 2000 takeover battle, ending a legal saga that had weighed on the future of Germany's most prominent banker.
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Lawyers on both sides of the CBS Corp. and Howard Stern breach of contract lawsuit said Wednesday they have settled.
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Auditor Ernst &amp; Young has agreed to pay $US125 million ($A162 million) to the Federal Deposit Insurance Corporation (FDIC) over the collapse of a suburban Chicago bank three years ago, the FDIC announced.
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Howard Stern and his   ex-bosses at CBS Radio have agreed to a settlement in the breach of   contract suit filed against the shock jock back in February, E! Online   has learned.
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By Larry Rulison, Times Union, Albany, N.Y.  Dec. 8--HALFMOON -- A potential financing deal between DayStar  Technologies Inc. and a New York City investment firm appears to have fallen  through in the past week.
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Morgan Stanley has sold its 7.2 percent stake in The New York Times Company, bringing an end to its campaign to change the media companyâs dual-class share structure.
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News Corp and Judith Regan said on Friday they had settled a $100 million lawsuit the publisher brought against her former employer, closing out a case with links to both O.J. Simpson and Rudy Giuliani.
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Bank of America Corp.'s  private bank business serving rich customers will be named U.S. Trust, marking the first time the company has adopted the name of a business it has bought, the New York Times reported on Monday.
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The family that holds controlling interest in the New York Times Co. is moving the bulk of its assets from longtime manager Morgan Stanley, apparently because a fund manager there has been critical of the slumping media company.
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In the old days in Japan, a merger between two banks would have been quietly brokered behind closed doors. But the current clash between two major Japanese banks over competing
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U.S. buyout fund Lone Star is close to terminating its $7.3 billion deal to sell Korea Exchange Bank (KEB) to Kookmin Bank  because of a prosecutors' investigation, the Financial Times reported on Wednesday.
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Banknorth Group of Maine confirmed yesterday that it was in merger talks with TD Bank Financial Group of Canada, a move that would end Banknorth&#39;s short reign as New England&#39;s largest independent bank.
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Company settled legal disputes Monday with two of its largest remaining antagonists in a move that will ensure its antitrust deal will not be appealed to the U.S. Supreme Court. -The Washington Post
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Salvaging a deal that appeared dead earlier this week, the regional bank PNC Financial Services Group Inc. struck an agreement to pay about $642 million in cash and stock for Riggs Bank, an old-line Washington institution that ran into legal trouble over suspicious financial transactions.