Connecticut investment advisor Noah Myers was sentenced to 40 months in prison on Monday by a District Court for defrauding investment clients in a "cherry-picking" securities scheme.
The White House warned on Monday that President Barack Obama would veto Republican-backed legislation in the U.S. House of Representatives that would scale back financial reforms, including the Volcker rule.
MetLife said it would file on Tuesday a lawsuit against regulators subjecting it to tougher oversight, challenging their verdict the firm harbors enough risk to endanger the financial system in a crisis.
Germany, Russia, Ukraine and France have decided not to hold a summit on the conflict in Ukraine on Thursday because of a lack of progress in implementing a four-month-old ceasefire agreement.
