Wells Fargo loses latest bid to end L.A. discrimination suit
NEW YORK (Reuters) – A federal judge has denied Wells Fargo’s latest bid to end a lawsuit brought by the Los Angeles city government accusing the bank of discriminatory lending that led to a wave of foreclosures among minority borrowers.
U.S. in sanctions talks with Commerzbank and Deutsche: source
FRANKFURT (Reuters) – U.S. authorities have begun settlement talks with Germany’s Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-Ger…
Ex-JPMorgan trader to challenge UK watchdog over London Whale decision
LONDON (Reuters) – A former JPMorgan trader charged in the United States over his alleged role in the $6.2 billion “London Whale” trading scandal has won the right to a legal challenge of the British regulator’s decision to drop its investigation into …
Lacker says inflation moving toward Fed’s target
(Reuters) – Richmond Federal Reserve President Jeffrey Lacker said on Tuesday that U.S. inflation has bottomed out and is moving toward its target, with economic growth continuing at a moderate pace.
Sanofi sues Eli Lilly over insulin rival to Lantus
(Reuters) – Sanofi SA, whose top-selling Lantus helps diabetics control blood sugar levels, has filed a lawsuit accusing Eli Lilly and Co of infringing seven patents related to insulin and devices used to deliver it.
American Apparel disputes default on Lion Capital loan
(Reuters) – American Apparel Inc has contested a claim made by lender Lion Capital that it has defaulted on a $9.9 million loan, according to a company filing on Tuesday.
Belgium seeks meeting with France’s BNP to discuss $9 billion U.S. fine
BRUSSELS (Reuters) – Belgium’s finance minister asked the head of French bank BNP Paribas on Tuesday for a meeting to discuss the implications of a record $9 billion fine for violating U.S. sanctions against Sudan, Cuba and Iran.
Ford recalling 100,610 vehicles in North America in six actions
DETROIT (Reuters) – Ford Motor Co said on Tuesday it is recalling 100,610 vehicles in North America in six separate actions.
Chevron leaves Lithuania as shale gas prospects remain uncertain
VILNIUS (Reuters) – U.S. oil major Chevron has divested its assets in Lithuania and pulled out of the country, the company said on its website.
Subaru recalls cars with Takata air bag inflators in U.S.
DETROIT (Reuters) – Subaru of America is recalling 8,557 older model cars in the United States equipped with potentially defective air bag inflators made by Japan’s Takata Corp , the automaker and U.S. safety regulators said on Tuesday.
