News Paper Summary Essay Example | Topics and Well Written Essays - 500 words - 2

News Paper Summary - Essay Example nce been evident especially on the waterfront, and buyers are relying on the Latin American-style of financing, which necessitates one to deposit a minimum of 50% before closing to fund construction. Developers will thus affect the rental market adversely since everyone is moving away from rentals thus raising demand. CIT group is set to acquire $3.34 billion in cash from OneWest in a deal they project to produce profits of 3.35 times its initial investment. OneWest collapsed in 2008 thus becoming the third largest bank failure due to growing concerns by customers about its rising mortgages. The deal drew scrutiny from the dividends they produced for private-equity firms and their investors, but regulators had few choices. CIT majors in commercial lending and the deal is set to boost its assets to $67 billion. The firm’s top cop is confident the regulators will approve the deal, and he is gratified with the deal because it will be worth the expense that comes about with crossing the $50 billion mark. The article tinctures on a court ruling set to be revisited to determine whether misconducts done by employers to staffs should apply to cases brought under Connecticut law. It further cites an example from a case brought forward by Mr. Trusz, who was fired by UBS for allegedly overvaluing properties leading to excessive fees for clients. He consequently sued the banks citing his superiors treated him differently from others who did not complain before winding up their employments. Investors predict they could lose a lot if the court interprets the law narrowly since whistleblowers will have their safety compromised against reporting firms’ wrongdoings. If the ruling favors Mr. Trusz, it will limit employers’ flexibility to make tough verdicts on workers. In its defense, UBS claimed Mr. Trusz duties encompassed in his official duties did not include valuations of property, but he defended his actions by saying that whistleblower shelters are essential to shield