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SAC, prosecutors are ready to settle: Sources

Shaking Hands

Federal prosecutors are close to finalizing a settlement with SAC Capital that would end a painful chapter for the embattled hedge fund, according to people familiar with the matter, who added that a deal could be announced as early as this week.

One-third of global firms plan acquisitions: Survey

Lanes Merge Road Sign

More than a third of companies are planning mergers or acquisitions within the next year, according to an Ernst & Young (EY) survey of senior executives across 70 countries, as confidence grows in the global economic recovery.

Mizuho: Bank chair to resign after loans scandal


Mizuho Financial Group said on Monday that the chairman of its banking unit, Takashi Tsukamoto, will resign, while its president will take a six-month pay suspension, following a loans-to-mobsters scandal.



Beached Whale

Ex-JPMorgan traders avoid New York deposition

Two former JPMorgan traders living abroad who face U.S. charges over the bank's $6.2bn 'London Whale' scandal won a bid on Wednesday to avoid sitting for a deposition in New York, where their lawyers say their arrest is likely.