China banks suspend controversial yuan remittance scheme: WSJ
SHANGHAI (Reuters) – Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country’s fourth biggest lender Bank of China (BOC) of allowing wealthy Chinese to launder money offshore through the sc…
Ex-Goldman director Rajat Gupta fails to void conviction
NEW YORK (Reuters) – Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.
Citi profit falls, hurt by $7 billion legal settlement
(Reuters) – Citigroup Inc C.N said on Monday that quarterly earnings fell 96 percent, hurt largely by a $7 billion mortgage settlement, but also by declining income in most of its main businesses including stock trading and retail banking.
Lufthansa says to cut Venezuela flights amid forex dispute
CARACAS (Reuters) – German airline Lufthansa said on Monday it will reduce service to Venezuela by 40 percent starting next month amid an ongoing dispute about repatriation of revenue from ticket sales.
Wall St. closes higher on Citi earnings, healthcare M&A
NEW YORK (Reuters) – Stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, lifted by Citigroup’s better-than-expected earnings and more deals in the healthcare space.
Ex-Goldman director Rajat Gupta fails to void conviction
NEW YORK (Reuters) – Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.
LightSquared, Dish’s Ergen reach settlement deal
NEW YORK (Reuters) – Bankrupt wireless venture LightSquared and its largest creditor, Dish Network Corp Chairman Charles Ergen, have resolved a long-running dispute over Ergen’s treatment under LightSquared’s proposed restructuring. 
Ernst & Young to settle U.S. civil charges over lobbying
WASHINGTON (Reuters) – Accounting firm Ernst & Young will pay $4 million to settle civil charges that it violated auditor independence rules when one of its units lobbied congressional staff on behalf of its audit clients, U.S. regulators said Monday.
WTO faults U.S. over duties on Chinese, Indian steel goods
GENEVA (Reuters) – World Trade Organisation judges said on Monday the United States broke its rules in imposing hefty duties on Chinese steel products, solar panels and a range of other goods that Washington argues enjoyed government subsidies.
Portugal hopes new boss at BES marks fresh start for troubled bank
LISBON (Reuters) – Portugal’s troubled Espirito Santo clan was forced to sell a chunk of the bank it founded and accept independent managers on Monday after the lender’s links to the family unsettled international markets.
