Financial news on September 25th, 2010
Business and Financial news
The investor Len Blavatnik is fighting in court to get back some of the money he lost because of what he calls bank negligence. Read more..
Art advisers warn that the bulk of lawsuits brought against art owners aren’t usually related to theft or Nazi-era looting, but more traditional liens and encumbrances. Read more..
Richard D. Parsons, Citigroup’s chairman, said the board would restore Vikram S. Pandit’s compensation to a level comparable to that of other banking chiefs in 2011. Read more..
The lender’s admission that it had filed dubious foreclosure documents could inspire a broad legal furor against hasty foreclosures. Read more..
The $75 million settlement involved the bank’s failure to adequately disclose its exposure to subprime mortgage debt. Read more..
As children go off to college, their parents consider what to do with their room. Read more..
The recession that ended in June 2009 was the longest downturn since World War II, and the deepest in terms of decline in gross domestic product. Read more..
Traders were encouraged that orders for manufactured goods (excluding the transportation sector) rose sharply last month. Read more..
The endowment lagged behind many of the other big funds, including Harvard’s, which had a 11 percent gain for the year. Read more..