South Korea-based Asiana Airlines Inc has agreed to pay $55 million to settle allegations in a U.S. class action that it conspired with other airlines to fix rates for shipping air cargo, according to court papers filed on Tuesday.
Litigation alleging that Deutsche Bank AG, Bank of Nova Scotia and HSBC Plc [HSBCUK.UL] illegally fixed the price of silver has been centralized in Manhattan federal court.
A top U.S. Securities and Exchange Commission official said on Tuesday the agency's the "broken windows" enforcement strategy, of pursuing violations big or small, hinders its ability to set priorities and maintain robust, healthy markets.
Former UBS bank executive Raoul Weil was the mastermind of the Swiss bank's illegal offshore operations that helped thousands of Americans evade taxes, prosecutors said at the start of his federal trial on Tuesday.
