Bloomberg reported that a second former employee of the Royal Bank of Scotland Group Plc had sued the bank in a lawsuit filed at a London employment tribunal over unfair dismissal and racial discrimination claims.
Braziliam regulator Cade ruled yesterday that six companies, included Holcim Ltd, would have to pay fines totaling $1.4 billion for participating in a cartel that aimed to fix prices and divvy up clients in the client market, Bloomberg said.
According to Bloomberg, the fines recommended by a Miami jury on 87 year-old Carl Zwerner, which is 150% of his Swiss bank account for failing to file a Report of Foreign Bank and Financial Accounts,was excessive considering that it was a civil case.
Former chairman of American International Group Inc Maurice "Hank" Greenberg has lost a bid to dismiss the case filed by the state of New York against him and another ex-officer of the insurance company when a state Supreme Court judge allowed the lawsuit to proceed yesterday.
