We apply an equivariant version of the $p$-adic Weierstrass preparation theorem in the context of possible non-commutative generalizations of the power series of Deligne and Ribet. We then consider CM abelian extensions of totally real fields and by combining our earlier considerations with the known validity of the Main Conjecture of Iwasawa theory we prove, modulo the conjectural vanishing of certain $\mu$-invariants, a (corrected version of a) conjecture of Snaith and the `rank zero component' of Kato's Generalized Iwasawa Main Conjecture for Tate motives of strictly positive weight. We next use the validity of this case of Kato's conjecture to prove a conjecture of Chinburg, Kolster, Pappas and Snaith and also to compute explicitly the Fitting ideals of certain natural étale cohomology groups in terms of the values of Dirichlet $L$-functions at negative integers. This computation improves upon results of Cornacchia and Østvær, of Kurihara and of Snaith, and, modulo the validity of a certain aspect of the Quillen-Lichtenbaum Conjecture, also verifies a finer and more general version of a well known conjecture of Coates and Sinnott.

11R42, 11R33, 11R70

Iwasawa theory, values of $L$-functions, Euler characteristics, Fitting ideals