Business May 16, 2015

Nomura, RBS ordered to pay $806 million over U.S. mortgage sales

A U.S. district court on Friday ordered Nomura Holdings Inc. and the Royal Bank of Scotland to pay a collective $806 million over sales of defective residential mortgage-backed securities in the United States that led to the financial crisis in 2008. The order follows a ...

Japan to raise fines for coral poaching to ¥30 million

National / Crime & Legal Nov 11, 2014

Japan to raise fines for coral poaching to ¥30 million

The Abe administration and ruling parties are considering raising the maximum fine for poaching by foreigners in Japanese territorial waters and exclusive economic zones to ¥30 million, government and party sources said Tuesday. The move comes as several ships, thought to be of Chinese origin, ...