Business briefs: British bank laws

Britain’s first run on a bank in almost a century has prompted the government to take a lead from the U.S. response to the Great Depression and promise laws that will guarantee savings should a bank collapse. New laws will be introduced in Parliament next year to extend protections to bank depositors, though critics say it is a knee-jerk political decision.

JAMMIE THOMAS

The woman from Brainerd, Minn., facing a $222,000 music-sharing verdict asked a judge on Monday to overturn it. Jurors found Thomas violated six record companies’ copyrights by offering 24 songs over the Kazaa file-sharing network. Thomas’ attorney argued that the songs could have been bought for $24, making the verdict disproportionate and punitive.

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Mohammed Nuru, head of SF Public Works, arrested in FBI corruption probe

The head of San Francisco Public Works Mohammed Nuru has been arrested… Continue reading

Preston, advocates pressure major landlord to sell buildings to city or nonprofits

San Francisco’s largest owner of rent-controlled properties is unwilling to entertain demands… Continue reading

SF police union calls for federal prosecution of man shot by police

San Francisco’s police union urged federal authorities to intervene Monday after newly… Continue reading

NBA postpones Lakers-Clippers game that was set for Tuesday

The NBA has postponed the Lakers-Clippers game that was scheduled for Tuesday.… Continue reading

Most Read