Lloyds and Barclays hit by $4 billion insurance mis-selling claims
LONDON (Reuters) – Lloyds (LLOY.L) and Barclays (BARC.L) on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain’s costliest…
Exclusive: U.S. congressional probe finds possible lapses in Deutsche Bank controls – sources
LONDON/NEW YORK (Reuters) – U.S. congressional investigators have identified possible failures in Deutsche Bank AG’s (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over…
Telemarketer charged in $1.2 billion Medicare fraud scheme pleads guilty in NJ
(Reuters) – The owner of a telemarketing company implicated in the largest component of a $1.2 billion Medicare fraud involving the supply of medically unnecessary orthotic braces pleaded guilty to…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from…
Novartis executive sold shares before drug data manipulation made public
VIENNA (Reuters) – An unnamed Novartis executive sold 925,400 Swiss francs ($946,000) worth of shares less than three weeks before the U.S. Food and Drug Administration (FDA) announced data from…
Prevagen maker must face FTC, New York claims that memory supplement does not work
NEW YORK (Reuters) – Quincy Bioscience failed to dismiss a lawsuit in which the Federal Trade Commission and New York attorney general said it deceptively marketed the dietary supplement Prevagen…
Facebook to create privacy panel, pay $5 billion to U.S. to settle allegations
WASHINGTON (Reuters) – The Federal Trade Commission is set to announce on Wednesday that Facebook Inc (FB.O) has agreed to a sweeping settlement of significant allegations it mishandled user privacy…
Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato AMSTERDAM (Reuters) – Carlos Ghosn has launched a court…
Second opioid distributor charged over role in U.S. drug epidemic
(Reuters) – An Ohio drug wholesale distributor and two former executives were charged on Thursday with profiting from the U.S. opioid epidemic by selling millions of pills despite signs the…
UK competition regulator puts brake on Amazon’s Deliveroo deal
(Reuters) – Britain’s competition regulator has stepped in to pause Amazon’s (AMZN.O) deal with online food delivery group Deliveroo while it considers launching a full investigation. Amazon led a $575…