Credit Suisse agrees to pay $5.3bn to settle US mortgage case
Geneva
Geneva - Arab Today
Credit Suisse has reached an agreement in principle with US authorities to pay around $5.28 billion to settle disputes over the sale of mortgage-backed securities, the Swiss bank said on Friday.
"Under the terms of the settlement, Credit Suisse would pay to the DoJ (US Department of Justice) a civil monetary penalty of $2.48 billion," it said in a statement. "In addition, Credit Suisse would provide consumer relief totaling $2.8 billion over the course of five years post settlement."
GMT 21:55 2018 Tuesday ,23 January
Trump to meet May, Netanyahu, Kagame in Davos: White HouseGMT 21:53 2018 Tuesday ,23 January
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Turkish soldier killed in Syria operation
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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Norway fines tourist guide for scaring polar bear
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CIA chief denies agency role in Iran unrest
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Raqqa evacuation included some foreign Daesh fighters — local official
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Brother of Marseille attacker arrested in Italy — police
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At least 29 killed in Afghan Shiite mosque attack
GMT 10:44 2017 Saturday ,22 July
3 wanted terrorists killed in Qatif shootout; remaining fugitives told to surrender
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