The Reserve Bank of India enforces penalties against three banks for money laundering and fraud violations.
Legal & Regulatory
Fannie Mae Shareholders Challenge US Takeover
Fannie Mae and Freddie Mac challenged the US through a lawsuit filed in the US Court of Federal Claims after stating that the takeover of the Federal Housing Finance Agency in 2008 was illegal and damaging to the companies.
LVS Asks Las Vegas Court to Cancel US$101.6 Million Verdict
Las Vegas Sands Corp asked trial judge in Nevada to cancel the US$101.6 million verdict award in favor of businessman Richard Suen.
Telus ends plan to buy Mobilicity after government intervenes
Telus drops plans to buy-out Mobilicity. (Photo : REUTERS)Canada's 2nd largest wireless company The transfer of the license for Mobilicity's wireless spectrum to Telus was declined.
Axis, ICICI, HDFC Bank Gets Fined for KYC Violations
The Reserve Bank of India (RBI) fined three banks that includes Axis Bank, HDFC Bank and ICICI Bank for violating the "know your customer" policy.
Latest News
Greece is required to sell off its energy company shareholdings as part of their bailout deal. (Photo : REUTERS)A Greek flag flies behind a statue to European unity outside the European Parliament in Brussels The largest refinery in Greece, Hellenic Petroleum was one of the assets identified in the privatization plan of the country.
Wal-Mart CEO Michael Duke is under fire after allegations of bribery of the Mexican government. (Photo : Reuters)Wal-Mart Stores Inc, which is facing bribery investigations by the U.
Google's US$1.3 billion purchase of Waze would create a ripple effect deep into the Israeli economy.
Battery producer Exide Technology files for Chapter 11 bankruptcy after losing against competition. Global battery producer Exide Technologies filed for bankruptcy after it faced $31 million in interest payments in August and losing against rivals.
Kapil Siba, Indian Communications Minister, has called to meet different telecom companies to end lawsuits after a decrease in overseas investment transpired in the country.
Royalty Pharma urged the federal court in New York to lift the temporary restraining order it has ordered for the Royalty-Elan bid.
The deal between Smithfield Foods and Shuanghui International may face legal challenges as Midwest states prohibits foreign ownership over agricultural lands.
A US Court dismisses the complaint of Bloomberg filed against the Commodity Futures Trading Commission.
Raiffeisen Bank International Chairman says that it would tighten compliance rules due to the latest Stepic controversy.
