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General Contreras, who said the secret police kept its own funds at the Bank of New York during the 1970's because "the C.I.A. told us that was a good bank," asserted that his former boss was "just one man" and that the entire Chilean military should not be suspected of financial improprieties simply because General Pinochet was now on the hot seat.
In a statement, the bank asserted its "trading was legitimate and above board," adding that it intended "to vigorously defend this matter".
But like all such settlements, it does not come with any admission of liability, and the bank asserted in a statement that it was done "to eliminate the uncertainties, burden and expense of further protracted litigation".
In a lawsuit filed in December, the bank asserted that Zayat had defaulted on $34 million in loans.
Controls and guidelines for wage and price increases, the bank asserted, tended to have a perverse effect; and, in fact, could lead to faster, rather than a slower pace of inflation.
In the midst of that battle last summer, a judge shut down Mr. Tahari's operation for 33 days after the bank asserted that the designer's sample room was a fire hazard because Mr. Tahari refused to install sprinklers.
A report from Goldman Sachs this morning started stocks on their descent after the investment bank asserted that cyclical stocks–stocks that are sensitive to economic cycles are currently undervalued.
In its initial response to the charges, the bank asserted that it had ceased doing "new" business with Iran five years ago, and that it never did business with people identified "at the time" as terrorists.
A shareholder lawsuit, which is to be filed today on behalf of a New York bank, asserts that before the merger agreement was reached, Sprint's board secretly changed the terms of its stock option plan in a way that ensured that the executives could cash in if a merger was approved by Sprint shareholders, whether or not the merger was completed.
The disclosure came as the trader, Jérôme Kerviel, 31, spent a second day in police custody, facing questions about what the bank asserts was an elaborate, yearlong ruse that involved betting tens of billions of dollars of the bank's money on European stock index futures.
Lehman also won court orders to block the accounts of Inkombank, the second-largest private bank, asserting defaulted on an $87 million payment, and the accounts of SBS-AGRO, Russia's largest private bank, saying it defaulted on a $15 million debt.
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