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The banks may try to reach settlements with A.I.G. to avoid going to court.
Mr. Almunia has gained a reputation for attempting to reach settlements, where possible, rather than trying to win scalps.
JPMorgan and Morgan Stanley are the third and fourth to reach settlements, after deals by UBS and Citigroup last week.
It is unclear how many American claimants are eager to reach settlements with Cuba outside official channels.
More banks are likely to reach settlements with the government in the coming months, including admissions of wrongdoing, as they seek to put the Libor investigation behind them.
The nature of collective bargaining is to reach settlements and we'll get there, but there are rule changes that need to be made".
Similar(29)
Syria's official news agency, SANA, reported it with the headline "Lavrov, Kerry: Negotiations Are Vital Tool to Reach Settlement".
Sites in Scotland have been sold and millions of pounds handed to local councils in order to reach settlement on local developments now abandoned.
We continue to work to find ways to reach settlement, but more flexibility... is needed," he adds.
A18 Smoking Settlement Talks Negotiators for Lorillard Tobacco and Liggett Group were said to be close to reaching settlements -- together worth $8 billion -- that would cover all individual smokers' claims against the companies.
The Swiss bank UBS "is close to reaching settlements with American and British authorities over the manipulation of interest rates," DealBook's Ben Protess and Mark Scott report.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com