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BlackRock to settle charges over staff separation agreements

Sec Building

The Securities and Exchange Commission has announced that New York-based asset manager BlackRock Inc. has agreed to pay a $340,000 penalty to settle charges that it improperly used separation agreements in which exiting employees were forced to waive their ability to obtain whistleblower awards.



Trader said lied to customers, jury verdict near

Former Jefferies Managing Director Jesse Litvak lied to customers who sought to buy mortgage bonds at the best possible price, defrauding pension funds, retirement accounts and even the U.S. Treasury to enrich himself, a jury was told as a verdict neared.

Jamie Dimon

Bank earnings good enough, Dimon upbeat on economy

The first wave of earnings reports has rolled in, and they are "good enough," with Bank of America , PNC and JPMorgan all beating on the bottom line, while Wells Fargo at 96 cents was a bit shy of the $1 consensus.