FRANKFURT - Deutsche Bank AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve.
SAN FRANCISCO - Venture firm Formation8 was dropped as a defendant in a U.S. civil lawsuit that accused one if its co-founders, Joe Lonsdale, of sexual assault, according to a court document filed Thursday.
NEW YORK - Commerzbank AG is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp accounting scandal, according to two people close to the case.
SHANGHAI - China is considering issuing banks with brokerage licenses as part of reforms that will permit financial institutions to conduct mixed businesses to boost their performance and develop the capital market, the stock regulator said on Friday.
SHANGHAI - China is considering taxing foreign investors for their share-trading profits going back to November when Beijing announced an exemption of such duties after the launch of the Shanghai-Hong Kong connect scheme, the stock regulator said on Friday.
SAO PAULO - U.S. investment firm Huxley Capital Corp filed a lawsuit on Thursday in a New York court against Brazilian construction group OAS SA [OAEP.UL], alleging the debt-laden company is hiding assets from creditors at two valuable subsidiaries.
NEW YORK - A New York judge ordered a Papa John's pizza restaurant franchise and its owner to fork over more than $2 million after short-changing hundreds of delivery workers and shaving hours from their paychecks, prosecutors said on Thursday.
- A California jury on Thursday ordered Johnson & Johnson's Ethicon Inc unit to pay $5.7 million in the first trial over injuries blamed on the TVT Abbrevo, one of numerous transvaginal mesh products that are the subject of thousands of lawsuits.
LIMA - Indigenous villagers in Peru have reached a negotiated settlement with Occidental Petroleum Corp, which they had sued for allegedly polluting their lands over three decades, the two sides said on Thursday.
NEW YORK - The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters.
- Financial: INSIGHT-EU discontent over French budget deal's "political bazaar"
- Technology: PRESS DIGEST - Wall Street Journal - March 6
- Healthcare: Washington state woman files wrongful death lawsuit over superbug infection
- Consumer: Apple Pay stung in transactions using data stolen from retailers -WSJ
- Energy: REFILE-Gag order lifted in Massey ex-CEO's trial over fatal W.Va. mine blast
- Industrials: PRESS DIGEST- Financial Times - March 6
- M&A: UPDATE 1-Staples sales miss estimates on weak demand, strong dollar
- Bankruptcy: BRIEF-Pescanova says court ends common phase of insolvency for its 10 units
- IPOs: Debt fears in Ukraine become a reality
- Private Capital: Italy's RCS to start exclusive talks with Mondadori over book unit
- Hedge Funds: Private equity owners exit nappy maker Ontex