WASHINGTON, Nov. 30 -- The Federal Reserve issued the following news release on Nov. 29, 2024: The Federal Reserve Board on Friday announced its approval of the application by United Bankshares, Inc., of Charleston, West Virginia, to acquire Piedmont Bancorp, Inc., and thereby indirectly acquire The Piedmont Bank, both of Peachtree Corners, Georgia. The Board also gave its approval for United Bank, of Fairfax, Virginia, to merge with The Piedmont Bank and establish and operate branches at The   more

WASHINGTON, Dec. 2 -- The U.S. Chamber of Commerce Institute for Legal Reform issued a 49-page report in November 2024 entitled "Tort Costs in America - An Empirical Analysis of Costs and Compensation of the U.S. Tort System." Here are excerpts: * * * Foreword The costs of our lawsuit system are a hidden burden that affects every American, and that burden is growing. Costs and compensation paid in the U.S. tort system reached over $529 billion in 2022, or over $4,200 per U.S. household. That  more