European regulators directed RBS to sell its 315 branches next month corresponding to the state's terms in rescuing it.
Legal & Regulatory
Walmart and Tesco May Get In India's Retail Industry without Conditions
The government of India may allow foreign retail stores such as Walmart and Tesco to come into the industry without any of those conditions given that their multi-brand retail venture is less than 50%.
Canadian investors want protection from Pakistan
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
TrimTabs reports losses amounting to US$47.2 billion in June
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
China Allays Banking System Liquidity Fears
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
Latest News
Brevan Howard's trader who was supposedly involved in Libor investigation left the hedge fund. (Photo : Reuters)Citigroup official logo On Thursday, hedge fund, Brevan Howard, disclosed that it lost a trader who is supposedly associated with a large scale rate-rigging scandal.
The US Justice Department investigated the planned merger of American Airlines and US Airways, a deal which is expected to be completed by end of September.
Nearly two dozen senators urged careful review of the Smithfield-Shuanghui deal stating issues on national security and increased foreign ownership of US foodmakers.
A high profile lawsuit was filed against venture capital firm Kleiner Perkins Caufield & Byers by an ex-partner with allegations on harassment, retaliation and discrimination.
After due investigation, the special committee finds no breach of fiduciary duty conducted by the board of directors of Lufkin Industries for the GE deal.
According to an IFR report, UK mutuals may not be able to survive the tough new regulations imposed by UK authorities.
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
According to the German antitrust regulatory authority, the ownership of other service providers would delay and hamper Liberty Global's purchase of Kabel Deutschland.
Former director of Bumi Rosan Roeslani will be paying the company $201 million. (Photo : Reuters)The image is a Indonesian money held by a woman. Bumi Plc.
