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Added on the 14/07/2014 20:59:54 - Copyright : AFP EN
Goldman Sachs on Thursday reached a massive settlement with US authorities regarding a years-long financial scandal in Malaysia. The federal investigation involved the bank's work with Malaysia's 1MDB fund, and found bribes by Goldman executives in their underwriting of $6.5 billion in bond offerings. In a statement, CEO David Solomon admitted the bank's wrongdoing and said it had improved internal risk controls to prevent another incident. The bank also announced "clawback actions" for former employees that were implicated along with reductions in top executives' compensation, including CEO David Solomon.
After a 19-month long investigation, several global banks have agreed to pay penalties to the U.S. Justice Department and the Federal Reserve for rigging the foreign exchange market.
Tokyo, Apr 30 (EFE/EPA).Japanese carrier All Nippon Airways Friday posted a record net loss of more than 405 billion yen ($3.7 billion) for the pandemic-struck financial year that ended on Mar.31. (Camera: FRANCK ROBICHON)SHOT LIST: B-ROLL OF ANA PLANES IN TOKYO, JAPAN.
Paris, March 29 (EFE / EPA) .- (Camera: Ian Langsdon / Mohammed Badra) Paris, March 29 (EFE / EPA) .- (Camera: Ian Langsdon / Mohammed Badra) .- A French court on Monday sentenced the Servier pharmaceutical company to pay 2.7 million euros in penalties for involuntary homicide for its 'Mediator' medication. The weight loss and diabetes drug is believed to be responsible for the deaths of up to 2000 people. FOOTAGE OF THE COURT OF PARIS.
Shah Alam, Jan 18 (EFE/EPA).- The Prime Minister of Malaysia, Muhyiddin Yassin, announced Tuesday an additional stimulus package worth around $3.7 billion to strengthen the economy in the Asian country after it was hard-hit by the coronavirus pandemic.The package is known as ' Malaysian Economic and People Protection Assistance Package' (PERMAI) and its initiatives will be based on three main objections, which are to combat the Covid-19 pandemic, to ensure the welfare of the people, and to support the survival of businesses. Malaysia has so far recorded over 150,000 confirmed cases and 601 deaths of the COVID-19. (Camera: FAZRY ISMAIL).SHOT LIST: MEDICAL PERSONNEL PREPARE FOR A SWAB CORONAVIRUS TESTING AT SHAH ALAM, OUTSIDE KUALA LUMPUR, MALAYSIA.
Especially in uncertain times like these, the dream of owning one's home free and clear is an enticing one. On the other hand, isn't saving for retirement, or college funds more important? According to Business Insider, if you have the opportunity to pay off your mortgage early, the deciding factor comes down to just one thing: interest rates. If the rate on your mortgage is higher than the rate you'd earn by investing cash in the stock market, pay down the debt first. But before you do that, run the numbers to see if refinancing your mortgage would make sense. If so, you can apply the freed-up cash towards your high-interest debt. Once that's cleared up, pay off the mortgage!
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