The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.
Autumn Radtke, the 28-year-old CEO of an upstart bitcoin exchange, died last week under mysterious circumstances at her home in Singapore.
*Societe Generale says lawsuit's claims unsubstantiated. In the filing with the U.S. District Court in Manhattan dated March 3, New York resident Kevin Maher, who says he bought and sold gold and gold futures and options, alleged the banks overseeing the benchmark- Societe Generale, Deutsche Bank, Barclays, Bank of Nova Scotia and HSBC- colluded to manipulate it.
*Commerzbank selling 4 bln euro portfolio of property loans. FRANKFURT/ MADRID, March 4- Banks such as Deutsche Bank and JPMorgan are teaming up with international funds to bid for a multi-billion-euro portfolio of Spanish property loans as the country's real estate market thaws, sources close to the process said.
FRANKFURT, March 2- German banker Korbinian Ibel gave up a company car and took a pay cut to seize the chance to join a new organisation that could play a big role in taking European integration to the next level.
NEW YORK, Feb 28- Commodity revenues fell nearly 40 percent at Morgan Stanley and remained flat at Goldman Sachs Group Inc last year, according to filings from the two biggest Wall Street commodities players that face a changing regulatory landscape.
MOSCOW, Feb 28- Russian hypermarket chain Lenta's stock market debut was clouded by political turmoil in Ukraine on Friday as investors reined in their exposure to Russian companies.
*Euro tops $1.38 for first time this year. LONDON, Feb 28- European stocks reversed course and fell on Friday, and the euro rose to its highest level this year after an unchanged reading of euro zone inflation cooled growing expectations the European Central Bank could ease monetary policy as early as next week.
*Yuan nearly hits weak end of 1 pct trading band Yuan suffers biggest weekly loss around 0.9 pct. HONG KONG, Feb 28- China's yuan suffered its biggest weekly loss on record on Friday, as the central bank stepped up its intervention to weaken the currency ahead of a key government meeting next week which may be used as a platform to unveil more market reforms.
LONDON, Feb 28- European stocks rose on Friday, supported by expectations a low reading of euro zone inflation later in the day will force the European Central Bank to ease monetary policy further and a record high close on Wall Street the previous session.
*6.20 yuan per dollar seen as inflection point below which losses multiply. HONG KONG, Feb 28- China's weakening of the yuan over the past 10 days has exposed risks created by the rapid growth of offshore derivative products, with holders seen potentially facing billions of dollars of losses if the currency keeps falling.
NEW YORK, Feb 27- Societe Generale has agreed to pay $122 million to settle a lawsuit by a U.S. regulator accusing the bank of misleading Fannie Mae and Freddie Mac in the purchase of mortgage-backed securities.
*Platinum group metals up after Impala's force majeure. NEW YORK/ LONDON, Feb 27- Gold prices were flat on Thursday after U.S.
PARIS, Feb 27- GDF Suez took a 15 billion euro writedown in 2013, mainly for gas storage and gas power plants whose value was hit by a price slump, but new dividend and profit guidance for the years ahead lifted its share price.
LONDON, Feb 27- Gold prices edged up on Thursday due to a steady dollar, but remained well below the previous day's four-month high as buyers of coins, bars and jewellery in Asian markets held off in expectation of a further price drop.
MOSCOW, Feb 27- Russian hypermarket chain Lenta has narrowed guidance for its initial public offering to $10- $10.25 per global depositary receipt, two banking sources told Reuters on Thursday.
Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.
Bank of America said federal investigators are looking into whether the bank violated requirements of a U.S. government housing program.
*Business investment and trade help drive Britain's recovery. LONDON, Feb 26- Britain's economic recovery broadened in the last three months of 2013, driven by a pick-up in business investment and trade that will hearten the Bank of England and the government.
Eighteen brokerages agreed to end participating in analyst surveys as a result of a N.Y. investigation into the early release of analyst sentiment.