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Europe's Stoxx 600 Falls 13% From April High, Enters Correction

A three-day selloff culminated in Europe’s benchmark equity gauge falling 13 percent from its record. The Stoxx Europe 600 Index entered a correction, following the U.K.’s FTSE 100 Index on Thursday. Thirteen out of 18 western-European markets have lost 10 percent or more from their h...

Capital Assured Announces Strategic Partnership with Florida Lifestyle and Business Exhibition in Dubai

Real estate investment, management and development firm Capital Assured is to become the strategic partner for the Florida Dubai Link: Lifestyle and Business Exhibition in Dubai, September 6-7th 2015.    With a new direct daily flight between Duba...

FINRA probes Merrill over anti-money laundering compliance: source

Wall Street's self-regulatory body has been probing Bank of America Merrill Lynch over its failure to detect the activities of a former financial adviser, who pleaded guilty to helping a client cover up an insider-trading scheme and launder the proceeds, said a source familiar with the matter. The Financial Industry Regulatory Authority (FINRA), which has been in discussions with Merrill (B...

Citigroup to pay $15 million to settle U.S. compliance charges

A unit of Citigroup Inc (C.N) will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said. Wednesday's settlement with the Securities and Exchange Commission marks the second time this week that Citigroup has been dinged for regulatory failures. Earlier this week, two units of the bank also agree...

Bank of NY Mellon sued by U.S. regulator over $2 billion in soured mortgages

A U.S. regulator sued Bank of New York Mellon Corp (BK.N) on Wednesday over $2.06 billion in residential mortgage-backed securities purchased by a failed Texas bank, and accused it of breaching its duties as bond trustee to protect investors. In a complaint filed in Manhattan federal court, the Federal Deposit Insurance Corp, which sued in its capacity as receiver for the former Guaranty Bank,...

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Vietnam Airlines Flies Its First Boeing 787-10 Dreamliner

  Boeing delivered the first of eight 787-10 Dreamliner airplanes to Vietnam Airlines today via lease from Air Lease Corporation . The Vietnamese flag carrier plans to put the 787-10 – t...