Daily Briefing, April 12
Goldman is the last of the big U.S. banks to settle with the national working group that was set up in 2012 to investigate how Wall Street exacerbated the mortgage bubble and ensuing financial crisis.
The settlement is a $2.4 billion civil penalty, $1.8 billion for consumer relief and $875 million in cash, with the states of California, Illinois and New York getting some of the cash.
April 15 has been drummed into our heads for decades as the deadline for paying income taxes, but this year is an exception — even though the 15th falls on a Friday.
In 2005, the District of Columbia established April 16 as Emancipation Day, honoring the 1862 day when President Abraham Lincoln signed the Compensated Emancipation Act, freeing slaves in the district.
The Palo Alto company is recalling 2,700 Model X SUVs not because of airbags, but because the third-row seats were built with latches that failed under safety testing, meaning the the seats could fold forward during a crash or sudden stop.