State-controlled oil company Petroleo Brasileiro SA and its top executives face a class-action lawsuit in a federal court in New York over an alleged contract fixing, bribery and kickback scheme that lawyers say inflated the value of the company's assets
Financial watchdogs are having to revise plans to regulate the world's biggest investment funds because original proposals would have made it more difficult for asset managers to invest in infrastructure projects that are key to reviving growth.
Citigroup Inc will record $2.7 billion in additional legal costs and another $800 million of repositioning charges in the fourth quarter, Chief Executive Officer Mike Corbat said on Tuesday.
The U.S. government on Monday sued Deutsche Bank AG (DBKGn.DE), seeking to recoup more than $190 million from the German bank over alleged tax fraud more than 14 years ago.
