Britain's Lloyds Banking Group confirmed on Friday that it was close to agreeing a settlement over allegations of manipulating benchmark interest rates.» Read More
Brazil is freeing up more than $20 billion in its banking system as its economy struggles to escape "stagflation". The FT reports.
"Ace" Greenberg, the Wall Street legend behind Bear Stearns' during its rise and collapse, is dead at 86. NYT reports.
A Citigroup unit will pay $5 million to settle charges that one of its trading venues failed to protect clients' trading data.