The UK is set to fine Lloyds bank this week for allegations of manipulating the LIBOR benchmark rate, according to sources.
A joint penalty issued by the UK and US is set to be announced this week by the bank, sources said, and fines could hit up to $500 million. The …read more
India’s Competition Appellate Tribunal may jumpstart an investigation into allegations of a coal cartel after a complainant filed an appeal of the Competition Commission of India’s original decision not to probe the matter.
A lawyer had initially filed a complaint with the CCI against three coal companies accusing the firms of …read more
As China looks to boost competition in the banking industry, authorities announced last Friday that three new private banks have been approved to launch operations in the country.
The China Banking Regulatory Commission said three new banks wll enter the market and increase competition to aid an industry that currently only …read more
Industry experts are hoping that Chinese tech conglomerate Alibaba will swoop in to acquire Yahoo despite efforts by Yahoo CEO Marissa Mayer that she will turn the company around.
According to reports, investors are hoping Alibaba or another Asian company will acquire the US website. Yahoo shares were boosted on the …read more