Big banks fail to dismiss U.S. currency rigging lawsuit
A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.
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Sysco Corp (SYY.N), the biggest U.S. food distributor, may have to wait longer for its $8.2 billion deal to buy US Foods Inc [USFOO.UL] to be approved by regulators, the New York Post reported.
A China regulator has accused Alibaba Group Holding Ltd (BABA.N) of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms.
Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories, the Wall Street Journal reported.
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