Regulatory News

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Tougher test awaits Deutsche Bank after clearing first Fed check

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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.

Venture firm Formation8 dropped from U.S. lawsuit over sexual assault

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.

Breakingviews, Tech 05 Mar 2015

Exclusive: Commerzbank nears $1.4 billion-plus settlement with U.S. - sources

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.

Breakingviews 05 Mar 2015

China reviews giving banks stock broking licenses: regulator

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.

Breakingviews 5:54am EST

China considers taxing foreign investors for share gains-regulator

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.

Breakingviews 5:43am EST

U.S. investor sues OAS, Brazil builder tied to Petrobras scandal

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.

Breakingviews, 05 Mar 2015

Papa John's franchise ordered to pay $2 million to N.Y. pizza deliverers

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.

Breakingviews 05 Mar 2015

Johnson & Johnson ordered to pay $5.7 million in California mesh trial

- 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.

Breakingviews, Health 05 Mar 2015

Peru indigenous groups settle U.S. court claims with Occidental

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.

Breakingviews, 05 Mar 2015

Missteps, consolidation eroded New York Fed authority over banks

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.

Breakingviews 05 Mar 2015

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