U.S. authorities are on course to reach multi-billion-dollar agreements with five major banks over allegations of foreign exchange market rigging as soon as the second half of May, people familiar with the matter told Reuters on Friday.
A top discount brokerage, Interactive Brokers LLC, must pay $1.2 million to two Texas siblings who alleged the firm failed to stop “reckless trading” by their trust fund overseer, arbitrators ruled on Tuesday.
South Korea's antitrust body said on Tuesday that it is investigating U.S. database firm Oracle Corp over whether its practice of bundling new software offerings into maintenance services contracts is anticompetitive behavior.
U.S.-based Applied Materials Inc (AMAT.O) on Monday scrapped its $10 billion planned takeover of chip-making gear rival Tokyo Electron Ltd (8035.T) after the deal, a rare foreign bid for a Japanese firm, fell foul of U.S. anti-trust regulators.
