Ryan Rainey

Finance Brief: DOJ Settles With Royal Bank of Scotland for $4.9 Billion for Bank’s Role in Financial Crisis

By Ryan Rainey Top Stories The Justice Department announced a $4.9 billion settlement with Royal Bank of Scotland over the bank’s alleged deception of investors regarding residential mortgage-backed securities issues leading up to the 2008 financial crisis. In May, RBS announced it had struck an agreement in principle with U.S. authorities. (Reuters) High-income professionals could […]

Finance Brief: Week in Review & What’s Ahead

By Ryan Rainey Week in Review Tariffs President Donald Trump said in a Twitter post that he will double the tariffs on steel and aluminum imports from Turkey, with aluminum tariffs rising to 20 percent and steel tariffs to 50 percent. Earlier this month, the United States placed sanctions on two top Turkish government officials […]

Finance Brief: Alcoa Asks Trump Administration for Aluminum Tariff Exemption

By Ryan Rainey Top Stories Alcoa, one of the country’s leading aluminum producers, requested the Trump administration grant it an exemption from the 10 percent duties on imports of the metal that President Donald Trump implemented earlier this year. Alcoa noted that much of its U.S. operations are aided by imports of aluminum from its […]

Finance Brief: Week in Review & What’s Ahead

By Ryan Rainey and Sei Chong Week in Review Trade China announced it’s readying tariffs ranging from 5 percent to 25 percent on $60 billion worth of U.S. goods as the United States is considering raising its duties on a proposed tranche of $200 billion in imports from China from 10 percent to 25 percent. […]