A China regulator has accused Alibaba Group Holding Ltd (BABA.N) of failing to clean up what it called illegal business deals on the e-commerce titan's platforms, in an unusually strong government criticism of one of the country's biggest private firms.
Citibank, a unit of Citigroup Inc, has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories, the Wall Street Journal reported.
Bank of New York Mellon Corp (BK.N) has disclosed in a filing that U.S. regulators are considering charging it with violating U.S. foreign bribery laws after an investigation into internships it gave to relatives of sovereign wealth fund officials.
UBS said on Tuesday it had introduced a deposit charge for certain large account balances in Switzerland, following policy moves by the Swiss National Bank (SNB) which have sent the value of the safe-haven Swiss franc soaring.
