JPMorgan pays $400m to settle on mortgage securities
New York - AFP
US banking giant JPMorgan Chase agreed to pay $400 million in cash to settle litigation filed by Syncora Guarantee Inc. over mortgage-backed securities, according to the bond insurer. Syncora said it would drop cases against JPMorgan in exchange for the $400 million payment, according to Syncora's 2013 financial statement filed Friday. The securities sold to Syncora originated from Bear Stearns, which JPMorgan acquired in 2008 amid the financial crisis. Syncora accused JPMorgan of misrepresenting the quality of mortgage assets linked to the securities. The Syncora deal comes on the heels of several major JPMorgan settlements, including a $13 billion deal with the Department of Justice in November 2013 that resolved a series of US and state lawsuits over the sale of toxic mortgage-backed securities.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:47 2017 Wednesday ,27 December
U.S contacts with Palestinian leadership to resume efforts
GMT 12:18 2017 Thursday ,26 October
Rapinoe slams 'unknown' Castellanos's inclusion
GMT 21:00 2017 Tuesday ,28 February
FM meets new US national security advisor in Washington
GMT 23:35 2017 Sunday ,16 July
Bahrain-US business ties praised in the business and economic
GMT 15:03 2017 Wednesday ,13 September
UN Secretary-General condemns terrorist attack in northern Sinai
GMT 11:54 2017 Tuesday ,29 August
Syrian regime forces control Dahek Mountains
GMT 23:36 2017 Thursday ,28 September
Kuwait's nominee elected ALECSO's Director-General
GMT 20:10 2017 Thursday ,08 June
Qatar, Iran meddling in Bahrain
GMT 23:50 2016 Monday ,05 September
China vows to beat Iran at home in World Cup qualifierGMT 15:08 2011 Friday ,25 November
General Picton portrait to be removed
GMT 11:15 2016 Saturday ,06 August
US stocks end at records after strong jobs report
GMT 08:18 2016 Wednesday ,28 December
'Civil march for Aleppo' leaves Berlin
GMT 19:45 2017 Saturday ,20 May
Ras Al Khaimah to build massive Dh700m power station
GMT 21:34 2017 Tuesday ,14 March
Lavrov denies deployment of Russian experts to Egypt, Libya
GMT 21:41 2017 Thursday ,21 September
Mohamed bin Zayed opens Rabdan Academy
GMT 09:05 2017 Thursday ,17 August
Saudi Arabia summons Twitter users
GMT 09:23 2017 Monday ,30 January
Russia to check space flight engines
GMT 20:01 2017 Thursday ,23 November
Students making 'visible' changes after fitness challenge
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