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Cyber attacks on US businesses, banks mounting
Cyber attacks on US businesses, banks mounting

Investigators were digging to find who initiated and what was taken in an apparent hacker effort this month to penetrate the systems of US banks.

Cyber attacks on US businesses, banks mounting
©Reuters/Mike Segar
Moscow threatens US retaliation over blocked funds transfer

Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JP Morgan blocked a transfer of funds carried out by a Russian envoy.

Moscow threatens US retaliation over blocked funds transfer
China's President Xi Jinping. ©Reuters/Jason Lee
Chinese leaders' kin stash riches in offshore holdings: probe

Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth.

Chinese leaders' kin stash riches in offshore holdings: probe
Japan OKs record budget, sees deflation threat recede
Japan OKs record budget, sees deflation threat recede

Japan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike made room for more defence spending and the first step towards achieving a balanced budget.

Japan OKs record budget, sees deflation threat recede
©Reuters/Brendan McDermid
JPMorgan to pay investors $4.5bn over mortgage bonds

JPMorgan Chase said Friday it had reached a deal with 21 institutional investors to pay $4.5 billion for losses on mortgage securities it and Bear Stearns sold before the financial crisis.

JPMorgan to pay investors $4.5bn over mortgage bonds
©Reuters/Mike Segar
JPMorgan to pay $5.1 bn to settle Fannie, Freddie claims

JPMorgan Chase will pay $5.1 billion to settle charges it overstated the quality of mortgages and mortgage-backed securities sold to Freddie Mac and Fannie Mae.

JPMorgan to pay $5.1 bn to settle Fannie, Freddie claims

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