Firms controlled by the billionaire Sarmiento family of Colombia agreed to pay fines of about $60 million to the US Securities and Exchange Commission and the Justice Department for bribes paid by one of its units for a highway project dating back nearly a decade.
Credit Suisse additional tier 1 bondholders are furious after UBS Group AG said it won’t need state support for its rescue deal, arguing that their wiped out notes should have been spared.
US year-ahead inflation expectations unexpectedly declined in early August, matching a more than two-year low, despite higher gasoline and grocery costs.
After decades running and regulating banks, Joseph Otting has moved on to a booming Wall Street credit sector that’s unencumbered by many of the rules that rein in traditional lenders.
Sri Lanka will pass legislation providing the framework for pension funds to submit their offers for a bond swap program, State Minister for Finance Shehan Semasinghe said in an interview.
As far as liquidations go, trucking company Yellow appears to be having a particularly good one.
A US cybersecurity advisory panel will investigate malicious targeting of cloud computing environments, including Microsoft Corp.’s role in a recent breach of government officials’ email accounts by suspected Chinese hackers, the Department of Homeland Security confirmed on Friday.
The Italian government agreed with US private equity firm KKR & Co. to take a stake of up to 20% in Telecom Italia SpA’s network business as Prime Minister Giorgia Meloni asserts greater state oversight of strategic assets.
Germany’s buyout of its biggest power grid operator from the Dutch state is likely to be postponed until next year following the collapse last month of the Netherlands government and with little prospect of a new administration anytime soon.
Nigeria’s central bank disclosed large dollar deals with JP Morgan and Goldman Sachs in documents that also confirmed it broke limits on lending to the government.
