The bank is also on the hook for a compensatory claim of more than $19 million.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
Feds seize 6 websites after probe of pirated Latin music
Corourbanos.com, Corourbano.com, Pautamp3.com, SIMP3.com, flowactivo.co and Mp3Teca.ws collectively reached about 6.6 million users per month.
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Posted inBusiness, Nation & World
Germany suggests airlines nix VIP lanes amid airport chaos
Many are now struggling to find staff as travel rebounds.
Posted inBusiness, Nation & World
Luxottica eyewear empire founder Leonardo Del Vecchio dies at 87
From a start in a Milan orphanage, he went on to become one of Italy’s richest industrialists.
Posted inBusiness, Nation & World
Russian superyacht seized by U.S. arrives in San Diego Bay
The 348-foot-long Amadea flies an American flag as its journey of over 5,000 miles ends.
Posted inBusiness
Wall Street ends mixed after day of wavering up and down
The market’s uneven finish comes after stocks closed out last week with solid gains.
Posted inBusiness, Nation & World
Zelensky tells G-7 summit that Ukraine forces face urgent moment
Leaders of the world’s major economies are preparing to pursue a price cap on Russian oil, raise tariffs on Russian goods and impose other new sanctions.
Posted inBusiness, Maine, News
Rebecca Hatfield named new president, CEO of Avesta Housing
Hatfield will lead the nonprofit at a critical point in Maine’s escalating affordable housing crisis.
Posted inBusiness, Nation & World, News
Russia defaults on loans for first time in a century as sanctions muddy next steps
Given the damage already done to the economy and markets, the default is mostly symbolic for now.
Posted inBusiness, Nation & World, News
Supreme Court sides with doctors convicted in pain pill schemes
Justice Stephen Breyer wrote that prosecutors must prove that doctors knew they were illegally prescribing powerful pain drugs in violation of the federal Controlled Substances Act.