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U.S. seeking multi-billion dollar settlement with France’s biggest bank: report

US authorities are seeking several billion dollars from BNP Paribas to settle a probe into whether it violated US sanctions on several countries, the Wall Street Journal reported late Wednesday. The total would be higher than what had been estimated in press reports said far. The bank has told the…

France and Spain spied on their own citizens and handed data over to the NSA

Electronic spying on French and Spanish phone records was carried out by those countries’ intelligence services and not by the National Security Agency, the Wall Street Journal reported Tuesday. Citing unnamed US officials, the Journal’s report contradicted earlier accounts from French and Spanish media that alleged the NSA was scooping…

Bailed-out bank CEO: Public criticism of Wall Street bonuses is just like lynchings

In an interview published Monday in The Wall Street Journal, AIG chief executive Robert Benmosche compared the American public’s outrage at bailed-out Wall Street execs grabbing bloated bonuses to African-Americans being lynched in the Old South.…  …

JPMorgan Chase pays $700 million in ‘London whale’ settlement

JPMorgan Chase will pay at least $700 million in fines as part of a settlement linked to its handling of its “London whale” trading loss, The Wall Street Journal reported. The Wall Street banking giant is expected to admit guilt as part of the settlement, the Journal said. JPMorgan’s trading…

Iran reportedly pushing for revenge strikes if U.S. attacks Syria

The leader of a paramilitary arm of Iran’s Revolutionary Guards has allegedly ordered militia groups in Iraq to strike U.S. interests in the event of an American military incursion into Syria, the Wall Street Journal reported. The message from Qasem Soleimani, head of the Qods Force, as the unit is…

U.S. files first criminal charges over Benghazi attack

WASHINGTON (Reuters) – The United States has filed sealed criminal charges for the attack in Benghazi, Libya, last year in which the U.S. ambassador to Libya and three other Americans were killed, media reports said on Tuesday. The U.S. Justice Department said it had no comment on the reports by…

Facebook may start using hashtags as next advertising ploy

Copyright ImageClick to View In this 2011 file photo, a Facebook User Operations Safety Team worker looks at reviews at Facebook headquarters in Menlo Park, Calif. The Wall Street Journal reports that Facebook is planning to incorporate hashtags.(Paul Sakuma/AP/File) The Wall Street Journal reports…  …

Justice Dept. threatens Apple, book publishers with collusion lawsuit: WSJ

The Justice Department is threatening to sue Apple and five major US publishers for allegedly colluding to raise the price of digital books, The Wall Street Journal reported on Wednesday. The newspaper, citing people familiar with the matter, said several of the parties have held talks to head off an…

Geithner defends Obama’s Wall Street reforms

US Treasury Secretary Timothy Geithner defended the financial sector overhaul enacted after the 2008 meltdown, saying the safeguards could have gone a long way toward averting the crisis. “Some people seem to be suffering from amnesia about how close America came to complete financial collapse under the outdated regulatory system…

‘Unprecedented’ insider trading probe involves 120 people: report

NEW YORK — US authorities are actively building cases against 120 people accused of insider trading in an expanding and possibly unprecedented criminal probe, the Wall Street Journal reported Tuesday. The Journal said the investigation comes after a series of successful prosecutions of insider trading, with 66 people charged since…

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