- Bank of New York Mellon should be ordered to return about $337 million to Sentinel Management Group Inc, a U.S. futures broker that went bankrupt in 2007, according to a court filing made by the bankruptcy trustee.
- The Justice Department is preparing to file civil fraud charges against Citigroup Inc and Bank of America's Merrill Lynch unit over their sale of flawed mortgage securities ahead of the financial crisis, according to people familiar with the probes.
NEW YORK - Wall Street's industry-funded watchdog is stepping up efforts to monitor securities brokerages' anti-money laundering compliance programs, acknowledging that firms continue to have problems more than a decade after a federal law boosted their requirements in this area.
NEW YORK - The fate of SAC Capital Advisors portfolio manager Michael Steinberg was in the hands of a jury on Tuesday, after more than four weeks of trial on charges he traded on inside information.
WASHINGTON - The Securities and Exchange Commission said on Tuesday it levied a record $3.4 billion in sanctions in enforcement cases in the latest fiscal year, up 10 percent from the previous year.
WASHINGTON - The U.S. Internal Revenue Service is making progress this year on minimizing quarrels with multinational corporations over "transfer pricing," or taxing how companies value and move capital and assets across borders, a senior IRS official told Reuters.
- Nortel Networks Inc., a defunct telecoms company, has reached a deal that will cut more than $3 billion from what was allegedly owed to former Nortel entities in Europe, marking what it called a "significant milestone" to ending its five-year bankruptcy.
NEW YORK - Antitrust lawsuits alleging the world's largest metal exchange, two of Wall Street's biggest banks and big commodity merchants conspired to raise the price of aluminum will be heard in New York, a panel of U.S. judges has ruled.
LONDON - The first three men to face trial in connection with a global investigation into a rate-rigging scandal that has rocked the financial industry pleaded not guilty in court on Tuesday.
LONDON - The European Union has reached a deal on forcing companies to periodically change accountants, as the bloc aims to improve book-keeping quality in the wake of the financial crisis.
- Financial: Yearender - When cricket lost its favourite son, and some sheen
- Technology: Sensex rises around 250 points, snaps six days of losses
- Healthcare: China, U.S. need 'Cold War rulebook' to avoid air, sea mishap
- Consumer: Bangladesh violence risks spinning out of control as polls near
- Energy: EU strikes deal on tough new anti-tobacco rules
- Industrials: Exclusive - Iranian linked to Setad wanted by U.S. for attempted arms smuggling
- M&A: UPDATE 2-Al Jazeera weighs bid for stake in $1 bln Turkish pay-TV company
- Bankruptcy: Centerbridge abandons deal to buy LightSquared - WSJ
- IPOs: Thailand's PTT aims to list power unit on Bangkok bourse in mid-2014
- Private Capital: Swedish payments firm Klarna expands in Europe with German deal
- Hedge Funds: Banks will have to beef up capital buffers for fund investments
- RBI talks tough on inflation, yet holds rates for now
- India says better prepared to deal with Fed tapering
- Sensex rises around 250 points, snaps six days of losses
- Rupee falls on caution ahead of Fed; RBI keeps repo rate unchanged
- Gold futures rebound from two-month low
- Government to conduct debt switch mostly with insurers
- German data lifts European shares as Fed decision looms
- Cabinet to consider some sugar incentives this week - Pawar
- India poised to boost oil imports from Iran after April-November shipments slide
- RBI chief says not buying FX in market to increase reserves