LONDON - Major U.S. and European investment banks this month boosted to as much as $6.5 billion their collective war chest for settling with global regulators who are investigating allegations of collusion and manipulation in the foreign exchange market.
SIENA Italy - An Italian court on Friday sentenced former Banca Monte dei Paschi di Siena chairman Giuseppe Mussari to three years and six months in jail for misleading regulators in relation to a 2009 derivative trade with Nomura that prosecutors said was used to conceal losses.
DETROIT - Fiat Chrysler Automobiles' Ferrari sports car brand has been fined $3.5 million for not filing "early warning reports" indicating safety issues with U.S. safety regulators, the National Highway Traffic Safety Administration said on Friday.
NEW YORK - The U.S. Securities and Exchange Commission is investigating the subprime auto lending and securitization practices at No. 2 U.S. auto lender Ally Financial Inc, the company said on Friday.
WASHINGTON - U.S. state and local governments would have to disclose how much revenue they stand to lose through tax breaks for economic development projects under requirements the Governmental Accounting Standards Board is considering.
LONDON - British luxury sports car maker Aston Martin has been granted a temporary exemption to new U.S. safety rules that would have stopped it selling hundreds of cars in one of its key markets, American regulators said on Friday.
By Francisco Alvarado, Zachary Fagenson and Joshua Franklin
WASHINGTON - The U.S. Federal Communications Commission chief is close to settling on a hybrid legal strategy for new Internet traffic rules that would treat part of the web network as a public utility, the Wall Street Journal reported in Friday's newspaper.
DETROIT - U.S. auto safety regulators on Thursday ordered Japanese supplier Takata Corp to provide documents and answer questions under oath related to the government's ongoing probe of potentially defective Takata air bags in millions of U.S. vehicles.
- The Financial Industry Regulatory Authority on Thursday named a long-time official, Richard Berry, as the new head of its securities arbitration unit.
- Financial: Investigation continues into deadly Kansas airport plane crash
- Technology: UPDATE 2-UBS cannot arbitrate vs Nasdaq over Facebook IPO-court
- Healthcare: UPDATE 1-FDA panel backs Daiichi's blood thinner
- Consumer: U.S. regulators fine Ferrari $3.5 million for not filing reports
- Energy: CORRECTED-History of U.S. biofuel mandate provides opening for legal challenge
- Industrials: UPDATE 7-Four dead, five injured after plane crashes at Kansas airport
- M&A: UPDATE 2-Canada banks, card companies reach deal on retail fees -source
- Bankruptcy: High-yield E&P energy bonds are risky temptations
- IPOs: UPDATE 2-Turkish regulator approves Aviva, Sabanci pension unit partial float
- Private Capital: New players, smaller landlords in next wave of SFR bonds
- Hedge Funds: Hedge fund billionaire, unions trade blows in Phoenix pension fight