A New York state appeals court on Tuesday revived a lawsuit accusing UBS AG [UBSN.VX] of fraudulently causing $331 million of losses from collateralized debt obligations issued before the financial crisis.
Citigroup Inc (C.N) is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs.
A federal judge ordered Life Partners Holdings Inc and two top executives to pay $46.9 million for misleading investors about the core aspects of its business.
An unexpected delay in selling nationalized Austrian lender Hypo Alpe Adria's [HAABI.UL] Balkan network is no cause for alarm, the country's markets watchdog said on Wednesday, stressing the business was well funded and capitalized.
