Barclays 2 Billion Settlement Over Subprime Mortgage Securities
Barclays to pay 2 billion dollars in civil penalties to settle U.S. charges that it sold fraudulent mortgage backed securities between 2005 and 2007 and misled investors. Two former executives, Paul Menefee and John Carroll, will pay combined 2 million in fines with charges dismissed. Federal officials say the case reflects rare enforcement against bankers tied to the crisis. Barclays CEO Jes Staley called the settlement fair and proportionate.
MENTIONED IN THIS ARTICLE
Barclays
U.S
Brooklyn
Kirsty Wigglesworth
New York
Goldman Sachs
Jpmorgan Chase
Bank of America
Citigroup
Paul Menefee
John Carroll
Wall Street
Menefee
Barry Berke
Dani James
Kramer Levin Naftalis & Frankel LLP
Carroll
Glen Mat Crowell & = ring
Justice Department
Jes Staley
Richard Donoghue
Michigan orders closure of 210 medical marijuana shops
Michigan regulators ordered 210 medical marijuana shops closed for lacking state licenses or municipal authorization by a February deadline. Most closures hit Detroit, with orders delivered in Lansing, Flint, Gaylord, Ann Arbor, Battle Creek, and elsewhere. State officials note some firms may still obtain licenses or face penalties while continuing to operate during a transition under a 2016 regulatory law.
MENTIONED IN THIS ARTICLE
Lansing
Michigan
Medical
Munic
Detroit
Flint
Gaylord
Ann Arbor
Battle Creek
David Harns
State Department of Licensing and Regulatory Affairs
Bureau of Medical Marihuana Regulation
State
Sentinel
Couple convicted in Kalamazoo girl's death
Mat thew Longenecker and Kelly Ballinger were found guilty by juries of first degree murder and first degree child abuse, and involuntary manslaughter respectively, in the 4-year-old Desaray Thompson death at their Kalamazoo home. Both were also convicted of possessing meth. Ballinger faces sentencing April 30 and Longenecker on May 7.
MENTIONED IN THIS ARTICLE
Kalamazoo
Matthew Longenecker
Desaray Thompson
Kelly Ballinger
Desaray
Ballinger
Longenecker
Record year for craft beer as openings near closings
The Brewers Association reported 997 new breweries opened in 2017 while 165 closed, leaving 6,266 breweries in the United States. Chief economist Bart Watson cites a maturing, volatile market with rising closings and more planned openings, arguing fundamentals remain strong despite industry restructuring.
MENTIONED IN THIS ARTICLE
Brewers Association
Bart Watson
Watson
Lagunitas
Ballast Point
Anheuser-Busch
Miller
The
Also Mentioned on This Page
Nasdaq
Bristol-Myers
Gentex Corp Gntx
Huntington Banc Hban
Ilinois Tool Works Inc
Johnson Controls
Macatawa Bank Corp
Ally Financial
St. Holland
Harns
Jen Blair
Craft Maltsters Guild of North America
Jenna Eason
Charlotte Observer
TNS
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