Archives

Revlon Inc has reached a settlement with a former chief scientific officer whose claims the company's chief executive made derogatory statements about Jews, Americans and black people went viral on social media.

Bank of America's Merrill Lynch brokerage unit agreed to pay a $2.5 million fine in Massachusetts to settle charges that it failed to follow its own compliance rules, the state's top securities regulator said on Monday.

The UK's Financial Conduct Authority is to launch a market study on asset management to examine charges paid by investors, the regulator said on Tuesday, as it laid out its business plan for the coming year.