Citigroup Inc (C.N) is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs.
A federal judge ordered Life Partners Holdings Inc and two top executives to pay $46.9 million for misleading investors about the core aspects of its business.
An unexpected delay in selling nationalized Austrian lender Hypo Alpe Adria's [HAABI.UL] Balkan network is no cause for alarm, the country's markets watchdog said on Wednesday, stressing the business was well funded and capitalized.
American Honda Finance Corp, the U.S. lending arm of carmaker Honda Motor Co Ltd, said on Tuesday that American law enforcement agencies are preparing to charge the finance company with discriminatory pricing of loans made through auto dealerships.
