Regulatory News

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Macquarie to pay U.S. SEC $15 million over China stock sale


- A unit of Australia's Macquarie Group Ltd will pay $15 million to settle U.S. Securities and Exchange Commission charges that it misled investors who bought shares of China's Puda Coal Inc in an offering it underwrote.

Ford Motor says U.S. jury finds it did not infringe tech patents

- A U.S. jury has found that Ford Motor Co did not infringe four patents owned by a Washington state company in its onboard computer systems, clearing the No. 2 U.S. automaker in a $240 million lawsuit, Ford said on Friday.

Breakingviews 27 Mar 2015

Argentina suspends Citibank Argentina from capital market operations

BUENOS AIRES - The Argentine securities regulator said on Friday Citibank Argentina had violated local laws in striking a deal with litigating U.S. hedge funds and suspended the bank from conducting capital market operations.

Breakingviews 27 Mar 2015

UBS' French unit placed under formal investigation in tax probe

ZURICH - The French division of Swiss bank UBS AG has been placed under formal investigation by French authorities and been asked to pay a 40 million euro ($43 million) bail, UBS said on Friday, in an escalation of a long-running probe into allegations the bank helped clients avoid taxes.

Breakingviews, 27 Mar 2015

Baker Hughes, Halliburton shareholders approve merger

- Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes Inc and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalization.

Breakingviews 27 Mar 2015

Ex-Credit Suisse bankers spared prison in U.S. tax evasion case

WASHINGTON - A U.S. judge on Friday decided not to require prison time for two former Credit Suisse Group AG bankers who pleaded guilty to helping U.S. customers evade taxes by using Swiss accounts.

Breakingviews, 27 Mar 2015

Ex-Barclays executive, businessman given jail terms in Italy for corruption

MILAN - A former manager of Barclays in Italy Vittorio Maria De Stasio and businessman Aldo Bonaldi were sentenced to jail by a court in Milan on Friday on corruption charges.

Breakingviews 27 Mar 2015

Olympus to pay $92 million to resolve lawsuits over accounting

- Olympus Corp said on Friday it has agreed to pay as much as 11 billion yen ($92 million) to resolve two civil lawsuits arising from a 2011 accounting scandal at the maker of cameras and medical imaging equipment.

Breakingviews 27 Mar 2015

Santander will meet U.S. regulatory demands as soon as possible: CEO

SANTANDER, Spain - Spain's largest bank Santander will meet U.S. regulatory demands as soon as possible and aims to strengthen its current position in the country, CEO Jose Antonio Alvarez said during the bank' shareholder meeting on Friday.

Breakingviews 27 Mar 2015

Andorra to create 'bad bank' to group BPA toxic assets

MADRID - Andorra will create a 'bad bank' to group the assets of Banca Privada d'Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.

Breakingviews 27 Mar 2015

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