A class action lawsuit has been filed against J.P. Morgan Chase & Co, the largest U.S. bank by assets, alleging it engaged in racketeering and manipulation of California's electricity market.
A bond trader pleaded guilty on Wednesday to conspiring to defraud Royal Bank of Scotland Group Plc customers by lying about the prices of bond transactions he handled for them in an effort to boost the bank's profit.
Panama's banking regulator said on Wednesday it had seized the local unit of Banca Privada D'Andorra (BPA), as the lender's Andorra-based headquarters is being investigated by the United States government for possible money laundering.
Ride-hailing apps Uber and Lyft failed to persuade separate U.S. judges on Wednesday to rule that their drivers are independent contractors instead of employees, in cases that have wide implications for Silicon Valley "sharing economy" firms.
