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JPMorgan to pay $55mn to settle lawsuit

  Reuters JPMorgan Chase & Co agreed to pay $55 million to settle a US Justice Department lawsuit accusing it of discriminating against minority borrowers by allowing mortgage brokers to charge them more for home loans, a person familiar with the matter said. The US Justice Department complaint, filed in Manhattan federal court, accused the bank of willfully violating the ...

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Sigh of relief for self-driving cars as Tesla cleared in probe

  Bloomberg The push to bring self-driving cars to American roads got a significant boost when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The US National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the ...

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Canada hopeful TPP can survive without US

  Bloomberg Canada will consider pursuing a new multilateral Pacific Rim trade deal now that President Donald Trump has signaled the US is abandoning the Trans-Pacific Partnership. Trade Minister Francois-Philippe Champagne said in an interview shortly before Trump’s inauguration Canada would consider all its options with fellow TPP states, including whether a new deal can be salvaged without US participation. ...

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