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We are learning just how much mortgage fraud was committed by 18 national and international banks and other financial entities that the Federal Housing Finance Authority (FHFA) originally sued to recover some $200 billion in losses to the GSEs that it regulates, Fannie Mae and Freddie Mac. And today Credit Suisse Bank announced that it had settled with the FHFA and agreed to pay $885 million in damages for misrepresenting the quality of its... Read more...
ST. LOUIS (AP) — At 88, blues guitarist B.B. King is a living legend, a Rock and Roll Hall of Famer with his own satellite radio channel and a string of blues-themed restaurants in New York, Las Vegas and several other cities.... Read more... Read more...
Nike Inc on Thursday warned Wall Street that growing pressures from weaker currencies in key emerging markets would take a big toll on its profit in the current quarter and into the next fiscal year. The maker of sports shoes and apparel also said sales in China would be unchanged or even down slightly this quarter, reawakening concerns it is having trouble finding its bearings in that market after signs of progress in recent quarters. Nike... Read more... Read more... Read more...