Antitrust penalties rose to a record in Asia last year as watchdogs got tough on cartels and bid-rigging, emboldened by maturing competition laws across the region and growing government clampdowns on corruption.
Under pressure from its U.S. regulator, Bank of America has shifted its compliance group from its legal department to its risk oversight group, a source familiar with the matter said.
Audio equipment maker Monster LLC has sued Beats Electronics LLC, owned by Apple Inc (AAPL.O), over alleged "fraud and deceit" in the way that Beats acquired control of the rights to the popular "Beats by Dr. Dre" headphones.
Exchange operator BATS Global Markets on Tuesday called for changes to U.S. stock market rules, including slashing exchange fees for the most actively traded stocks, in the latest plea for regulatory reform from within the industry.
