DOJ Memo Details Policy For Killing US Citizens

Feb. 7 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the legal news for the week. A confidential memo leaked from the Department of Justice details the legal rationale for the extrajudicial killing of American citizens working for al-Qaeda or associated forces. Also, the Department of Justice filed a civil fraud complaint against ratings agency S&P seeking up to $5 billion in damages. Finally, as defaults on Perkins Loans rise, many top academic institutions are being forced to sue their former students.

Allianz CIO Remains Cautious About European Banks
19:05 - Lucy MacDonald, Chief Investment Officer for equities at Allianz Global Investors told Bloomberg’s Manus Cranny and Anna Edwards that she sees “no real need” to invest in European bank equities, with more restructuring and capital raising to be done. Macdonald added she has stayed away from European banks since financial crisis.
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