News

The former chief operating officer of a major Chinese-American bank in San Francisco is set for trial on Tuesday in a rare criminal prosecution connected to the government's bank bailout program.

Cigarette maker Japan Tobacco International (JTI) has threatened to take legal action against the Irish government unless it halts moves to introduce a law requiring plain packaging of cigarettes, the Irish Times reported on Tuesday.

French investigating magistrates have issued arrest warrants for three former Swiss managers at UBS in connection with their investigation into whether the bank helped tax dodgers, a judicial source told Reuters on Tuesday.