10 US banks to pay $8.5B for foreclosure abuse

Banking & Finance

Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes

(Source: AssociatedPress YouTube channel)

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Cover Story 5

Alabbar Uncensored
Emaar chairman Mohamed Alabbar has faced a media frenzy ahead of next week’s Annual General Meeting. With his increasing commitments outside Emaar, including the $85bn Capital Cairo project, and the departure of several key executives from the company, some shareholders are openly questioning his commitment to the company he founded, and his future role within it. In an exclusive interview, he tackles the critics head on — and explains why he is planning for several more years at the helm of one of the world’s most successful property developers.

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