DOJ Tact Pushes Bank Subsidiaries To Admit Guilt

Feb. 21 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. The Department of Justice appears to be changing its approach on prosecuting those responsible for the financial crisis. Also, four major law firms just won licenses to practice law in Singapore. Finally, the dean of Rutgers Law School in Newark, NJ is proposing a residency program for new lawyers. Will it work?
Kaisa Defaults on U.S. Dollar Debt
53:31 - Shenzhen developer Kaisa has become the first real estate company in China to default on U.S. dollar debt. Bloomberg’s Christine Hah reports on “First Up.” (Source: Bloomberg)
  • Rio Tinto 1Q Iron Ore Production Up 12%
  • Tsipras to Seize Local Government Funds
  • BMW's Robertson Says China Auto Market 'Normalizing'