Bank of New York might pay $24M
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Bank of New York Co. Inc. is talking to US prosecutors about paying a $24 million penalty in order to avoid a criminal indictment on charges of failing to report suspicious activity at
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Staff at Lazard, the 150-year-old investment bank that is preparing a $3bn (Â£1.53bn) flotation in New York next year, will be forced to sacrifice about $200m in pay
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Report says investment bank plans job, pay cuts prior to a public offering valuing firm at $3B. NEW YORK  - Bruce Wasserstein, head of investment bank Lazard, is planning a new round of job cuts and
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Dutch-based insurer says NY attorney general probing fees paid to brokers for new business. AMSTERDAM, The Netherlands  - New York Attorney General Eliot Spitzer has asked Dutch financial services
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The cost of bailing out IKB Deutsche Industriebank AG could top $7.25 billion if conditions in the global market deteriorate, the chief executive of KfW Bankengruppe said Monday in an interview with a German newspaper.
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New York City said it would pay 40,000 teachers an extra $160 million to end a 37-year fight over whether the city failed to pay the correct amount of interest on their pension contributions, Mayor Michael Bloomberg said on Wednesday.
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Bank of America Corp. said a departing executive is eligible to collect about $20.7 million in severance and other payments from the company.
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Ernst &amp; Young LLP will pay $40 million to the US Federal Deposit Insurance Corp. and is finishing a settlement to pay $85 million to the Office of Thrift Supervision to settle a case involving
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China-based Achievo has raised $24 million from private and institutional investors.
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Business & money: Wall Street's biggest investment banks facing at least $10bn (Â£5.1bn) of fresh write-downs
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Top UK banks could report combined annual profits of about Â£38bn despite worries about exposure to bad debts.
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The U.S. Defense Department said on Thursday it was awarding what might have been its richest-ever single contract at $24 billion, but it erred by a factor of 1,000.
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Surge follows details of government's plan to convert Â£24bn of loans into bonds
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Leading European banks may have to pay out as much as Â£70bn as the global credit crunch continues to bite.
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People with money in the bank soon might help foot the bill to stabilize Wall Street.
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Bank of America Corp. is close to a deal to put its own name on the FleetCenter, executives said yesterday.
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A Spanish judicial body said Tuesday it will investigate how Barclays bank received a court order to pay 1.1 quadrillion euros ($1.4 quadrillion US) in compensation to the former owner of a Spanish bank it ...