Deutsche Bank to Pay 553 Million in Tax Shelter Case
Deutsche Bank admitted wrongdoing and agreed to pay 553.6 million to settle a tax shelter case. The deal includes taxes and interest from 1996 to 2002, a civil penalty over 149 million, and an independent expert to review compliance. The action bars prepackaged tax products and ends related prosecutions.
MENTIONED IN THIS ARTICLE
New York
Deutsche Bank
U.S
Justice Department
Tax Division
Internal Revenue Service
John Gallagher
Preet Bharara
Department of Justice
FCC poised to adopt network neutrality rules
The FCC is poised to approve rules prohibiting broadband providers from discriminating against content or services. Chairman Genachowski has the three votes needed, with two Democrats supporting the measure though calling it weaker. Critics call the plan too vague and expect further scrutiny after a incoming Republican House.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
FCC
Julius Genachowski
Genachowski
Mignon Clyburn
Clyburn
Michael Copps
Gigi Sohn
Public Knowledge
Commission
Netflix Inc
Skype
Amazon.com Inc
House
New York Sues Ernst & Young Over Lehman Repo 105 Probe
New York Attorney General Andrew Cuomo files a civil suit against Ernst & Young alleging the firm aided Lehman Brothers in hiding billions in debt via Repo 105 arrangements before Lehman’s 2008 collapse. The case cites EY as auditor approving transactions used to mislead investors.
MENTIONED IN THIS ARTICLE
New York
Ernst & Young
Lehman Brothers
Andrew Cuomo
Wall Street
Market In Review Strives To Weigh Distributive Trends
A fragmented market note discusses distributive trends and the idea of a later assessment. It mentions general market activity and speculative shifts without specific figures or named entities.
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