RBS pays £165m over mortgage sales in the US February 19, 2014 RBS SETTLED a class action case in the US yesterday, agreeing to pay disgruntled investors $275m (£165m) over mortgage-backed securities sold in the pre-crisis boom years. The bank also suspended a third foreign exchange trader this week as part of its internal probe into alleged abuse of the markets. Separately, RBS announced the sale of parts of [...]
RBS to pay $275m to settle US mortgage lawsuit February 19, 2014 RBS has agreed to pay $275m (£164m) in cash to settle a US class action lawsuit brought by pension funds accusing it of misleading investors in the sale of mortgage-backed securities (MBS). The case was brought in 2008, and concerned the packaging and sale of 14 MBS deals known as “Harborview”. The lender was accused [...]
Review: King Lear February 11, 2014 Sam Mendes’ recent musical production of Charlie and the Chocolate Factory only really gathered pace after the interval. It was as if the director couldn’t be bothered with all the establishing stuff and was just waiting to get inside the wacky psychedelic funhouse that is Wonka’s factory, with all its potential for spectacular set pieces [...]
Apple facing $840m fine for ebook pricing February 2, 2014 APPLE faces a fine of up to $840m (£511m) from US state and consumer antitrust claims after last summer’s lawsuit, in which the tech giant was found to be guilty of conspiring with publishing companies to increase the price of ebooks. The class action lawsuit, comprised of customers from 33 states and led by attorney [...]
England can spoil Wales’ bid for Six Nations history January 30, 2014 WILLIAM CHRIMES AND BEN CLEMINSON PREVIEW THE BEST OF THE WEEKEND’S SPORTING ACTION WALES will look to rewrite rugby’s history books over the next 10 weeks as they bid to become the first nation to win three consecutive Six Nations championships. Having landed a third grand slam in impressive fashion in 2012, they needed a [...]
Golf Comment: Putting demons behind him, it’s Garcia’s time to win Major January 27, 2014 WHEN conditions for golf are perfect it tends to mean the best individuals win, and that is why those tournaments held in the Middle East are enduringly popular among players. So it was great for the game and no surprise to see Sergio Garcia, regarded as one of the greatest natural ball-strikers since his teenage [...]
What the other papers say this morning – 27 January 2014 January 27, 2014 FINANCIAL TIMES Citigroup bankers to get cash bonuses Citigroup is set to pay most of its investment bankers in Europe at least half of their bonuses in cash this year, underlining how US banks continue to be much more generous than their European rivals. At Citi’s Europe, Middle East and Africa unit, its top rewarded [...]
The law firm leaders joining the global dots January 26, 2014 Baker & McKenzie’s jet-setting duo tell Elizabeth Fournier how they stay ahead FOR A law firm that is less than 70 years old, Baker & McKenzie has an impressive global footprint. From humble beginnings at the hands of co-founders Russell Baker and John McKenzie in Chicago in 1949, the firm now employs more than 4,000 [...]
Coen brothers deliver the goods January 23, 2014 FILM INSIDE LLEWYN DAVIS Cert 15 | By Alex Dymoke Four Stars INSIDE Llewyn Davis is an offbeat, directionless sulk through the unforgiving streets of early 60s New York. These 60s don’t so much swing as shiver: winter-time Greenwich Village is wan, washed-out, freezing. The aspiring musicians who shuffle through it aren’t carried forth by [...]
Our booming population faces a crippling shortage of homes January 12, 2014 ANOTHER day, another report providing yet more evidence that Britain’s housing crisis is getting worse. Countrywide estimates that England will face a shortfall of 1m homes by 2021, half of which will be in London and the South East. The problem, of course, is that our planning rules have throttled house-building in the UK, guaranteeing [...]