Credit Suisse asked to pay up to US$7B over sale of toxic mortgage securities – Article – BNN

The U.S. Department of Justice has asked Credit Suisse to pay between US$5 billion and US$7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.

Source: Credit Suisse asked to pay up to US$7B over sale of toxic mortgage securities – Article – BNN

Yellen stresses education as key to keeping higher-paying jobs available – Article – BNN

“The drivers of this increasing demand for those with college and graduate degrees are likely to continue to be important,” Yellen said.

Source: Yellen stresses education as key to keeping higher-paying jobs available – Article – BNN

‘We think it will be very attractive, long-term’: Fairfax’s Watsa touts Allied World takeover – Article – BNN

Fairfax will pay owners of Allied World US$54 per share – US$10 in cash and US$44 in Fairfax stock. The offer amounts to an 18 percent premium above Allied World’s Friday closing price of $45.77.

Source: ‘We think it will be very attractive, long-term’: Fairfax’s Watsa touts Allied World takeover – Article – BNN

Western Canadian execs count on Trump to bolster oil patch – Article – BNN

Asked what they consider to be the most positive outcome for the Canadian economy of a transition to a Trump administration, the most popular option by far was “increased support for the energy sector.”

Source: Western Canadian execs count on Trump to bolster oil patch – Article – BNN

Personal Investor: Money-saving tax credits for 2016 – Article – BNN

Several tax credits are available for regular expenses this year. They vary from individual to individual, and province to province, but here are some basic credits that could apply to you.

Source: Personal Investor: Money-saving tax credits for 2016 – Article – BNN