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(Reuters) - Lloyds Banking Group is joining a class-action lawsuit against government-owned Royal Bank of Scotland, seeking 420 million pounds ($709 million) over the bank's handling of its 12-billion-pound rights issue, the Herald Scotland newspaper reported.
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NEW YORK (Reuters) - Citigroup Inc, which recently discovered it made some $400 million in fraudulent loans to a company in Mexico, found three other sets of smaller loans that may be suspicious, the bank's chief financial officer told a group of investors last week.
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Shares fall after the FTC says it is launching an investigation. Is this a victory for Bill Ackman?
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LONDON (Reuters) - Overcapacity threatens to derail a fragile recovery in the global shipping sector as ship owners and investors place orders for new vessels betting on better times, a survey showed on Thursday.
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China's tech companies are taking billions in deposits and offering blockbuster returns.
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MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim, who already controls America Movil, tightened his grip slightly on Latin America's biggest phone company, according to a U.S. regulatory filing on Thursday that shows two companies controlled by Slim bought more shares.
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TOKYO (Reuters) - Japan Airlines said it has applied to fly from Tokyo's Haneda airport to Ho Chi Minh City in Vietnam prompting a complaint from ANA Holdings, which urged regulators to deny its local rival the right to open up new routes from the world's fourth busiest hub.
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