US FDIC sues 16 banks alleging Libor manipulation in Doral collapse A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico’s Doral Bank. The Federal Deposit Insurance […]
Judicial Process
U.S. agencies probe Apple over slowing iPhones The U.S. Department of Justice and Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures that it slowed older iPhones with flagging batteries, Bloomberg reported on Tuesday. The government has requested information from the company, Bloomberg reported, […]
Prominent businessmen reach settlements in Saudi corruption probe Several prominent businessmen have reached financial settlements with Saudi Arabian authorities in the kingdom’s sweeping crackdown on corruption, an official source told Reuters on Friday. They include Waleed al-Ibrahim, owner of regional television network MBC; Fawaz Alhokair, a major shareholder in fashion […]
Iran says will retaliate against U.S. sanctions on chief judge Iran said on Saturday it would retaliate against sanctions imposed on its judiciary head by the United States as President Donald Trump stepped up efforts to ‘fix’ a nuclear deal between Tehran and major powers. Trump said on Friday he […]
Trump says Russia probe will be fair, but timeline unclear Trump says Russia probe will be fair, but timeline unclear:- President Donald Trump said on Thursday he believes he will be fairly treated in a special counsel investigation into Russian meddling in the U.S. presidential election, but said he did […]
U.S. judge narrows travel ban in defeat for Trump President Donald Trump’s temporary ban on travelers from six Muslim-majority countries cannot stop grandparents and other relatives of United States citizens from entering the country, a U.S. judge said on Thursday. The ruling by U.S. District Judge Derrick Watson in Honolulu […]
