BATS Global Markets is close to settling a U.S. regulatory probe into Direct Edge's dealings with high-frequency trading firms for $15 million, the biggest fine ever given to an exchange operator, according to two sources familiar with the situation.
Morgan Stanley said on Tuesday it is responding to potential legal claims from government entities, including the U.S. Department of Justice and several state attorneys general over mortgage securities.
U.S. prosecutors did not present enough hard evidence to link a former top UBS AG (UBSN.VX) banker to subordinates' schemes to help wealthy Americans hide $20 billion in secret accounts from tax authorities, jurors from the trial told Reuters on Tuesday.
China is moving to raise its global competitiveness by loosening restrictions on foreign investment in more manufacturing and services sectors, the country's top regulator said.
