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JPMorgan Chase pays $1.42 bn to settle most of Lehman Bros suit

JPMorgan Chase has agreed to pay USD 1.42 billion to settle most of the litigation relating to the bankruptcy of Lehman Brothers, according to court documents.

Lok Adalats eased courts' pressure, decided 8.2 cr cases:Judge

The already over-burdened judiciary has been aided by the alternate dispute redressal mechanism of Lok Adalats which have decided 8.25 crore pre- litigation and pending cases in over 15.14 sittings in the last two decades, senior Supreme Court judge T S Thakur said on Monday.

Lot of money, time wasted by PSU banks in filing litigation: Finance Ministry

The initiative has been taken by ministry as a part of National litigation Policy.

AIG collapse would have been catastrophic: Geithner

Former US Treasury Secretary Timothy Geithner testified Tuesday that if insurer AIG had been allowed to fail in 2008, the impact would have been an economic catastrophe.

RBS sets aside £3.0 bn for claims, conduct matters

Britain`s state-controlled Royal Bank of Scotland said Monday it has set aside more than £3.0 billion (USD 5.0 billion, 3.6 billion euros) for litigation and compensation claims here and in the United States.