New York State’s attorney general has threatened to sue Merrill Lynch for misrepresenting certain debt investments as safer than they were.
Andrew Cuomo said that legal action against the US bank was “imminent” after it failed to settle charges of mis-selling with regulators.
Last week, Merrill Lynch offered to buy back $12bn (£6bn) of auction-rate debt
Morgan Stanley and JP Morgan Chase have agreed to buy back more than $7bn of securities and pay fines to settle allegations that they misled investors.
The deals were with the New York Attorney General and other regulators.
The Wall Street banks were accused of marketing debt products, called auction-rate securities, as much safer than they were
Four current and former British Airways executives have been charged with involvement in fixing the prices of plane fuel surcharges.
BA’s head of sales Andrew Crawley and ex-commercial director Martin George are due to appear before City of London Magistrates Court on 24 September.
Also due up are former communications head Iain Burns and former UK and Ireland sales chief Alan Burnett
Finance firm Citigroup is set to buy back billions of dollars worth of securities, as part of a settlement with the US financial regulator.
The deal with the Securities and Exchange Commission (SEC) comes after an investigation into whether the bank breached securities rules.
The SEC had looked at the sale and marketing of a bond often used by municipal authorities to raise funds
The chairman of South Korean firm Samsung, Lee Kun-hee, has been indicted for tax evasion and breach of trust, prosecutors say.
The announcement follows a three-month investigation into alleged corruption at South Korea’s biggest conglomerate.
But the probe cleared the firm of allegations by a former executive that it used a multi-million dollar slush fund to bribe prosecutors and judges
The boss of South Korea’s Samsung Group has appeared before special prosecutors to be questioned over allegations of corruption at the firm.
Lee Kun-hee, chairman of the company, the country’s largest conglomerate, is being questioned in regard to an investigation that started in January.
Samsung is accused of operating a 200bn won ($215m; £108m) slush fund to bribe prosecutors, judges and civil servants
The US Securities and Exchange Commission (SEC) says it is suing UK hedge fund Pentagon Capital Management and its chief executive, Lewis Chester.
The watchdog alleges the fund and Mr Chester have schemed to defraud mutual funds and shareholders in the US.
London-based Pentagon Capital said last week it was winding down two funds because it expected the SEC to file civil complaints against Mr Chester
A US judge has ordered Starbucks to repay its California coffee-makers more than $100m in tips that were paid to shift supervisors.
San Diego Superior Court Judge Patricia Cowett said the coffee-makers – “baristas” – were entitled to $86m in back tips, plus interest.
She issued an injunction banning supervisors from sharing future tips
The Swedish lorry maker AB Volvo has agreed to pay millions of dollars in fines in connection with an inquiry into Iraq’s UN oil-for-food programme.
It will pay a $7m (£3.5m) fine to the US Department of Justice (DOJ) and $4m in civil fines to the Securities and Exchange Commission
Network Rail has been fined a record £14m by the railway regulator, after engineering work over-ran during the Christmas and New Year period.
But the company says that without further delays, it risks not meeting a December deadline for finishing work to the West Coast Main Line at Rugby.
Passengers now face extra disruption through the summer, as lines are closed in order to complete the work