EU, UK take contrasting messages from May's Brexit speech
LONDON (AP) ? European Union leaders on Wednesday punctured U.K. optimism about a smooth and mutually beneficial divorce between Britain and the EU, declaring that, no matter what British Prime Theresa May thinks, Britain can't dictate the terms of the separation.
Credit Suisse finalizes $5.3 billion mortgage deal with U.S.
By Karen Freifeld NEW YORK (Reuters) - Credit Suisse formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Wednesday. Zurich-based Credit Suisse will pay a $2.48 billion cash penalty and provide $2.8 billion in consumer relief, including loan forgiveness and financing for affordable housing, the Justice Department said in a statement. Credit Suisse, which had announced the agreement in principle on Dec. 23, said in a statement it was "pleased to have reached an amicable settlement that allows the bank to put this legacy matter behind it." Shares of Credit Suisse on the Swiss stock exchange closed down 2.5 percent at 15.28 Swiss francs, a steeper drop than the broader European banking sector.
Denver starts work on allowing pot in public, a first in US
Denver is starting work Wednesday on becoming the first city in the nation to allow marijuana clubs and public pot use in places such as coffee shops, yoga studios and art galleries. Voters narrowly approved ...
Pupil shoots, injures classmates in Mexico school
A 15-year-old boy shot at his classmates at a high school in northern Mexico on Wednesday, injuring at least five people including himself, officials said. The pupil opened fire at Northeastern College in the city of Monterrey, civil protection official Oscar Aboytes told AFP. In total five people were hurt, four seriously, including the shooter, state security secretary Aldo Fasci told reporters.
The Latest: Trump 'troubled' at Obama clemency for Manning
Army plans Dakota Access oil pipeline environmental study
The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could ...
Octavia Spencer named Hasty Pudding Woman of the YearCAMBRIDGE, Mass. (AP) ? Oscar winner Octavia Spencer has been named Woman of the Year by Harvard University's Hasty Pudding Theatricals.
US announces $5.3 bn settlement with Credit Suisse
US authorities on Wednesday announced a $5.28 billion settlement with the European banking giant Credit Suisse, adding to the list of loose ends being wrapped up as Washington prepares to install a new president. Wednesday's settlement with Credit Suisse confirms the announcement the bank made last month that it had reached an agreement with Washington over its role in the sale of the kind of toxic securities that led to the global financial crisis of 2008. The US Justice Department had announced a similar deal with the German lender Deutsche Bank on Tuesday.
GM to pay $1M penalty for ignition switch accounting troubleDETROIT (AP) ? General Motors will pay the federal government a $1 million civil penalty for violating accounting rules involving the company's deadly ignition switch scandal.
Over 200 football clubs 'impacted' in sex abuse scandal
The number of football clubs who have been brought up in the historic sex abuse inquiry which has rocked the sport has risen by 100 in the past month to 248 in figures released on Wednesday. The clubs range from Premier League to amateur level and the National Police Chiefs Council (NPCC) are at pains to point out that does not mean they are under investigation but have been 'referenced when information is submitted'. Last month the NPCC revealed that four of the clubs were from the Premier League although none were named.