Lawyers

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  Trump Can Continue Firing Consumer Financial Protection Bureau Staff, Appeals Court Rules

  The Trump administration won a partial victory this week in its ongoing quest to dismantle the Consumer Financial Protection Bureau (CFPB).

• European Creditors Cannot Secure Greece Bailout Deal With IMF On Monday Meeting

  Greece has to pay its third bailout in July, but the European creditors are set to miss signing up a deal with the International Monetary Fund meant to lend the country €7 billion.

• UBS blamed in US trial for $2.1 billion in mortgage bond losses

  On Monday, UBS AG went to trial over the $2.1 billion in losses that investors incurred on mortgage-backed securities after the collapse of the U.S. housing market.

• Puerto Rican government hopes to appease congress with new proposal on country's debt crisis

  The Puerto Rican government is now making new proposals in order to address the debt issue that the country needs to disburse. The new plan aims to help the country resolve its ever growing financial crisis.

• JPMorgan pays Insurer Ambac $2.5bn to settle legal disputes

  Lehman Brothers and Ambac finally get justice as JPMorgan Chase agreed to pay them a total of almost $2.5 billion.

• Goldman Sachs agrees to pay $5.1B to settle mortgage case

  New York investment bank Goldman Sachs agreed to pay $5.1 billion to resolve the ongoing investigation of RMBS working group over its mortgage packaging before financial crisis.

• JPMorgan to face U.S. class action in $10 billion MBS case

  A federal judge on Tuesday said JPMorgan Chase & Co must face a class action lawsuit by investors who claimed the largest U.S. bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.

• Former German top judge says ECB could face more legal challenges

  The European Central Bank could face more legal challenges over the policy tools it has deployed to shore up confidence and boost growth in the euro zone, Udo di Fabio, a former judge of Germany's Constitutional Court, said on Wednesday.

• U.S. Government to Sue Standard & Poor's

  Wrong ratings by the S&P, in 2007, appeared to be safer for the investors and eventually contributed in financial crash, leaving them with loss of billions of dollars.