PRESS DIGEST- Financial Times - Sept 27
Sept 27 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
AMSTERDAM Feb 7 Dutch pension fund ABP said on Thursday it has reached a settlement with Deutsche Bank over mortgage-backed securities that it bought from the German bank in 2006 and 2007, ending legal proceedings.
The Dutch pension fund claimed it had purchased certain residential mortgage-backed securities based on "false and misleading statements" and that the securities were far riskier than had been represented, backed by mortgage loans that were worth significantly less than had been represented.
It said Deutsche Bank had denied and continued to deny those claims. No details of the settlement were given.
ABP said it has reached settlements in two other residential mortgage-backed securities-related litigation cases so far, but still has cases pending against Goldman Sachs & Co., Merrill Lynch, Credit Suisse, Morgan Stanley and Ally Financial.
LONDON, Sept 27 Uber is making a broad international push into meal delivery, with fresh hiring and aggressive marketing as it prepares to take on local rivals in dozens of countries.
WASHINGTON, Sept 26 U.S. Labor Department Secretary Thomas Perez on Monday pledged to conduct a "top-to-bottom" review of all cases, complaints and other alleged violations that the department has received concerning Wells Fargo in recent years.