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  • Barclays Responds To The US Department Of Justice's Announcement - Complaint Filed By United States Department Of Justice

    Date 23/12/2016

    Barclays notes the Complaint filed by the United States Department of Justice (“DoJ”) today in the US District Court for the Eastern District of New York. The Complaint relates to the DoJ’s investigation of certain activities of Barclays in respect of US residential mortgage-backed securities in the period 2005-2007. The Complaint is a civil claim that makes a number of allegations, including mail and wire fraud. Amongst other relief, the Complaint seeks unspecified monetary penalties.

  • Credit Suisse Reaches Settlement In Principle With U.S. Department Of Justice Regarding Legacy Residential Mortgage-Backed Securities Matter

    Date 23/12/2016

    Credit Suisse announced today that it has reached a settlement in principle with the U.S. Department of Justice (DOJ) related to its legacy Residential Mortgage-Backed Securities (RMBS) business – a business conducted through 2007.

  • Deutsche Bank Agrees On Settlement In Principle With The DoJ Regarding RMBS

    Date 23/12/2016

    Deutsche Bank AG (XETRA: DBKGn.DE / NYSE: DB) has reached a settlement in principle with the Department of Justice in the United States (“DoJ”) regarding civil claims that the DoJ considered in connection with the bank’s issuance and underwriting of residential mortgage-backed securities (RMBS) and related securitization activities between 2005 and 2007. Under the terms of the settlement agreement, Deutsche Bank agreed to pay a civil monetary penalty of US dollar 3.1 billion and to provide US dollar 4.1 billion in consumer relief in the United States. The consumer relief is expected to be primarily in the form of loan modifications and other assistance to homeowners and borrowers, and other similar initiatives to be determined, and delivered over a period of at least five years.

  • MNI China Business Sentiment Survey: Chinese Business Sentiment Ends 2016 On A 28-Month High - Firms Report Rising Funding Costs Despite Easier Access To Credit

    Date 23/12/2016

    Executives at China’s largest corporations ended 2016 on an upbeat note with overall confidence rising to the highest level since August 2014 in December. The pickup in headline sentiment suggests companies remain cautiously optimistic heading into 2017, according to the latest MNI China Business Sentiment Survey.

  • Dalian Commodity Exchange: Road Show Held For Inspection And Quarantine Regulation On Imported Futures Soybean

    Date 23/12/2016

    On November 15, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) issued the trial reform measures for regulating the inspection and quarantine for the futures delivery of imported soybean. In order to accelerate the implementation of the policy, based on the requirements of the AQSIQ, Liaoning Entry-Exit Inspection and Quarantine Bureau (Liaoning Bureau for short) and Dalian Commodity Exchange (DCE) jointly held the road show for the regulation on the inspection and quarantine for imported futures soybean on December 7, interpreted the reform measures, and performed walkthrough to test the specific soybean delivery procedures and the planned contract rule amendment.