Business

In the weeks leading up to the U.S. Federal Reserve's annual stress test of major banks, a former risk executive of Deutsche Bank AG repeatedly warned senior managers of the German bank's U.S. unit that they were painting a far too rosy picture of the bank's health.

A federal judge on Thursday said Citigroup Inc (C.N) cannot process interest payments by Argentina on some bonds issued under that country's law, a defeat for the cash-strapped nation as it attempts to re-enter international debt markets.

An influential group of lawyers in Delaware, home to more corporations than any other state, is gearing up to do battle with some of the largest U.S. companies over the increasingly busy industry of shareholder lawsuits.