US banking giant Citigroup has agreed to pay $2bn (£1.1bn) to settle a lawsuit brought by shareholders of collapsed energy trading firm Enron.
The class-action suit accused Citigroup of assisting Enron to carry out the huge accounting fraud which bankrupted it in 2001
Chen Jiulin, the suspended boss of crisis-hit jet fuel supplier China Aviation Oil (CAO), has been charged with insider trading.
The charges, which include making false statements, failing to disclose losses and forgery, come a day after Mr Chen and other executives were arrested.
CAO collapsed in December after running up losses of $550m (£248m) betting on the future price of oil
Former Yukos chief Mikhail Khodorkovsky has been jailed for nine years after being found guilty of six charges including tax evasion.
But his ordeal may not be at an end as Russian prosecutors have said they will soon bring fresh charges against him.
The news came as Mr Khodorkovsky was found guilty of six of the seven charges of tax evasion, fraud and embezzlement he had faced
Mortgage lender Abbey has been fined £800,000 ($1.47m) by the City watchdog for mishandling complaints from its customers over endowment policies.
The Financial Services Authority (FSA) also said Abbey gave the regulator inaccurate information while failing to treat its customers fairly
Oil giant Exxon Mobil has been ordered to pay damages to more than 10,000 petrol station owners for overcharging on the cost of its fuel.
The ruling by a federal court judge in Miami could set the US company back more than $1.3bn
Morgan Stanley will have to pay $850m (£462m) in damages to Revlon boss Ron Perelman after being found guilty of conspiring to defraud the financier.
A Florida court concluded that the US investment bank had acted improperly in relation to a 1998 deal in which Mr Perelman sold Coleman Inc. for $1
A former Enron finance executive has been sentenced to three years and 10 months in prison for his role in a bogus deal to boost earnings.
Dan Boyle was sentenced alongside former Merrill Lynch bankers Robert Furst and William Fuhs, who will both serve three years and one month.
Enron fraudulently recorded the 1999 contract as a $12m (£6m) profit
Lloyds TSB has been accused of breaking the banking code of practice by giving loans to people who cannot afford them.
The BBC programme Real Story has found that one south Wales couple on a low income was lent £100,000 by the bank.
The Banking Code Standards Board has said it is investigating the actions of the bank
Two ex-Walt Disney directors are suing the firm claiming investors were misled over the selection of a new chief executive to succeed Michael Eisner.
Roy Disney, nephew of founder Walt Disney, and Stanley Gold allege that Disney’s board made false statements in relation to Bob Iger’s appointment.
Mr Iger, currently Disney’s president and chief operating officer, is to succeed Mr Eisner in September
South Korean chipmaker Hynix Semiconductor Inc. has agreed to plead guilty to price fixing and is facing a $185m (£142m) fine in the US.
In a plea filed in San Francisco, Hynix admitted conspiring with other companies to fix prices of popular computer memory products