A New York state appeals court on Tuesday revived a lawsuit accusing UBS AG [UBSN.VX] of fraudulently causing $331 million of losses from collateralized debt obligations issued before the financial crisis.
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.
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.
