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Former Xerox Execs To Pay $22M To Settle Probe.
Earlier headlines U.S. Mortgage Applications Fall, Rates Rise Canon To Cut Suppliers To Save $1B Per Year In Costs China Producer Prices Climb On Oil, Material Costs PeopleSoft Rejects Latest Oracle Bid; Settles Suit Pentagon Delays Tanker Decision, Blow To Boeing CA Offers $10M To Settle Probe; Posts Profit Toll Profit Up, But Stock Falls On Housing Data.
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Italy's biggest bank UniCredit has agreed to pay $1.3bn to settle probes of violations of US sanctions on countries such as Iran.
The $7 billion includes $4 billion in cash to the U.S. Department of Justice, $2.5 billion in consumer relief, more than $200 million to the Federal Deposit Insurance Corporation and just under $300 million to settle probes by five states, said sources familiar with the negotiations.
NEW YORK, Aug 28 (Reuters) - JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, to settle probes of the bank's "London Whale" trading losses last year for about $600 million, according to a person familiar with the talks.
June 5 (Reuters) - Bank of America Corp could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people familiar with the negotiations.
To date, the largest fine the FTC has imposed on a tech giant for breaking an agreement with the government to safeguard consumers' data was a $22.5 million penalty that Google paid to settle a probe over in 2012.
A year earlier, when the company -- already reeling from a 2.4 billion-euro fine in another EU case -- made quiet attempts to settle the probe into deals it has with Android phone makers, the response was equally chilly.
DoubleClick To Pay $450,000 To Settle Privacy Probe.
Apple, Hachette, HarperCollins, Macmillan and Simon and Schuster have now made proposals to settle that probe.
Microsoft will soon make a final presentation to the European Commission to settle a probe into the U.S. software giant, a source said.
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