A UK court had started to hearing evidence about the alleged London Interbank Offered Rate or Libor manipulation brought against Barclays and Deutsche Bank.
Legal & Regulatory
UK government to decide next month on RBS split- report
A report from the Daily Telegraph said the UK government would be deciding on the future of Royal Bank of Scotland by next month.
Chevron Corp files case in NY federal court on Ecuador case
Trial began Tuesday for the case filed by Chevron Corp against villagers in Ecuador and their lawyer Steven Donziger.
Budget deficits a second order problem- Summers
American economist Lawrence Summers said policy makers should focus on growth strategies rather than debate on issues about the budget deficit.
ECB head Mario Draghi seeks protection for bondholders
Bondholders were sought protected by Mario Draghi through the European Central Bank. The European Central Bank head Mario Draghi informed the European Commission last month requesting that bondholders be spared any losses in the event a bank rescue occurs until such time an EU banking union is put in place.
Latest News
Grupo Ser Educacional SA had 30 days to comply with Brazilian regulator CVM in order to life the suspension of its planned initial public offering.
Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.
An agreement was signed between NRG Energy and Edison Mission for assets worth USD2.64 billion. The largest independent power producer in the United States, NRG Energy Inc, had entered into an agreement to purchase most of the assets of the bankrupt Edison Mission Energy.
The Canadian government, under the Investment Canada Act, has the right to review bids for Canadian flagship industries such as BlackBerry for national security issues.
Dutch insurers such as ING Groep NV and Delta Lloyd NV would have new abilities. Life insurance companies from the Netherlands, such as ING Groep NV and Delta Lloyd NV have faced tests of their financial abilities.
The European Union and Canada had agreed on a trade pact worth billions of dollar last Friday that would integrate two of the world's largest economies.
Named 'The Cartel', US regulators are reviewing how these individuals comprising the group may have influenced or attempted to manipulate the market.
A group of investors obtain class action approval against Morgan Stanley for the controversial Pinnacle notes.
The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
