Fed fines Deutsche Bank $156.6 million for forex violations
WASHINGTON/NEW YORK (Reuters) – The U.S. Federal Reserve on Thursday fined Deutsche Bank AG $156.6 million for violating foreign exchange rules and running afoul of the Volcker Rule.
Trump to order U.S. Treasury to delve into taxes, post-crisis reforms
WASHINGTON (Reuters) – U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.
Wal-Mart CEO’s compensation rises to $22.4 million
CHICAGO (Reuters) – Wal-Mart Stores Inc’s chief executive officer received a 13 percent increase in total compensation to $22.4 million in the fiscal year ended Jan. 31, according to a regulatory filing on Thursday, as sales growth at the world’s larg…
Trading firm Virtu Financial to buy KCG for about $1.4 billion
(Reuters) – Virtu Financial Inc said it would buy rival KCG Holdings Inc in a $1.4 billion deal that brings together two major U.S. electronic trading and market-making firms.
GSK must pay $3 million in generic Paxil suicide lawsuit: U.S. jury
(Reuters) – GlaxoSmithKline must pay $3 million to a woman who sued the drug company over the death of her husband, a lawyer who committed suicide after taking a generic version of the antidepressant Paxil, a U.S. jury said on Thursday.
Exxon probe is unconstitutional, Republican prosecutors say
NEW YORK (Reuters) – A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. violated consumer protection laws when selling fossil fuel products, according to a court filing.
Trump tax plan to rely on future U.S. growth to fund cuts: officials
WASHINGTON (Reuters) – U.S. President Donald Trump’s tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.
U.S. reviewing Venezuela’s seizure of GM assets
WASHINGTON (Reuters) – U.S. officials are reviewing Venezuela’s seizure of General Motors Co’s assets in the country, U.S. State Department spokesman Mark Toner said on Thursday.
Visa’s profit boosted by Europe unit, big card portfolio wins
(Reuters) – Visa Inc on Thursday reported better-than-expected quarterly earnings and said it expects full-year profit at the high end of its forecast, as it benefits from the purchase of Visa Europe and big credit-card portfolio wins back home.
Lufthansa departures briefly hit by computer outage: airport staff
FRANKFURT (Reuters) – Lufthansa and Air France were briefly hit by computer problems preventing them from boarding passengers on Thursday evening, airport and airline staff said on Thursday.
