LONDON Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century."
BRUSSELS European lawmakers agreed on Thursday to set up a temporary committee to look into tax-dodging instead of extending the mandate of an earlier panel, drawing criticism that the new body could turn out to be toothless.
DUESSELDORF, Germany Germany's antitrust authority said on Thursday that it had searched several offices and homes as part of an investigation of companies that make and sell special steel.
BRASILIA President Dilma Rousseff’s austerity program to fix Brazil's shaky finances is again in trouble after her point man in the Senate was arrested in a widening corruption scandal, and it could reignite calls for her impeachment.
SANTIAGO Chile's financial regulator said on Thursday it had fined Santiago-based businessman Juan Bilbao Hormaeche some $3.2 million for using insider information to trade shares of drug company CFR Pharmaceuticals SA.
LONDON Britons who were missold loan insurance, in what turned out to be the country's costliest consumer finance scandal, will have until 2018 to claim compensation under regulatory plans intended to draw a line under the issue.
SHANGHAI China's securities regulator has urged domestic brokerages to cease financing clients' stocks purchases through swaps and other over-the-counter contracts, two sources with direct knowledge told Reuters, its latest move to reduce leveraged financing risk in the country's stock markets.
NEW YORK (IFR/Reuters) - A class action lawsuit, filed Wednesday, accuses 10 of Wall Street’s biggest banks and two trading platforms of conspiring to limit competition in the $320 trillion market for interest rate swaps.
Pacific Investment Management Co and other investors have sued Citigroup Inc over the bank's alleged failure to properly monitor toxic securities backed by more than $13.8 billion of mortgage loans, resulting in $2.3 billion of losses.
A Connecticut man was found guilty on Wednesday on charges he ran a Ponzi scheme while he was a teenager in which he falsely promised high investment returns by reselling electronics online and promoting concerts.
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