Regulators' attempts to clarify U.S. leveraged lending guidelines have answered some questions raised by banks, but also added fresh layers of complexity into loan underwriting decisions, banking sources said.
A former McDonald's Corp worker accused and later cleared of putting glass shards in a police officer's hamburger will be paid a $437,000 settlement by the city of New York, authorities said on Friday.
A U.S. jury found that a former Longtop Financial Technologies chief financial officer was reckless in making untrue statements or omitting facts about the Chinese technology company, a rare verdict among securities class actions.
U.S. regulators expect Internet service providers to sue the government over any changes in the way they are regulated and must reevaluate any proposals to make sure they stand up in court, Federal Communications Commission Chairman Tom Wheeler said at a meeting on Friday.
