Muna Hassan

Customers to pay higher fees to compensate for banks failing stress test

(MintPress) – The Federal Reserve announced last week that four banks in the United States, including CitiGroup, SunTrust, Ally Financial and MetLife, failed the bank stress test, revealing that those companies would not be able to handle a severe economic downturn similar to the crisis of 2008. The report has led some financial experts to […]

Muna Hassan
By Muna Hassan
A Bank of America branch is shown in a Charlotte, N.C. file photo from April 20, 2006. (AP Photo/Chuck Burton, File)

(MintPress) - The Federal Reserve announced last week that four banks in the United States, including CitiGroup, SunTrust, Ally Financial and MetLife, failed the bank stress test, revealing that those companies would not be able to handle a severe economic downturn similar to the crisis of 2008. The report has led some financial experts to

Read Full Article

$8B BP oil spill settlement: Who really reaps the benefits?

(MintPress)—British Petroleum (BP) recently announced it has reached an estimated $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC) in order to resolve economic loss, property damage and medical claims from the 2010 Deepwater Horizon accident and oil spill in the Gulf of Mexico, pending final approval by U.S. District Judge Carl Barbier. While negotiators […]

Muna Hassan
By Muna Hassan
The Premiere Explorer of Venice, La. stands by near a controlled burn of spilled oil from in the Deepwater Horizon/BP oil spill in the Gulf of Mexico June 9, 2010. (Photo by Deepwater Horizon Response)

(MintPress)—British Petroleum (BP) recently announced it has reached an estimated $7.8 billion settlement with the Plaintiffs’ Steering Committee (PSC) in order to resolve economic loss, property damage and medical claims from the 2010 Deepwater Horizon accident and oil spill in the Gulf of Mexico, pending final approval by U.S. District Judge Carl

Read Full Article