Financial Times
Headlines
CITIGROUP IN $590 MLN LAWSUIT SETTLEMENT –
VIRGIN REAPS WEST COAST PROFITS –
DRAGHI REBUFFS GERMANS OVER EURO PLANS –
BARCLAYS FACES FRESH CRIMINAL PROBE –
GAZPROM SHELVES SHTOKMAN PROJECT –
ASIA HITS OUT AT US SWAPS REFORM PLANS –
BT SET TO REDUCE STAKE IN TECH MAHINDRA –
OSBORNE REJECTS CLEGG WEALTH TAX PLEA –
SEC TO REVIEW HEDGE FUND AD BAN –
DREAMWORKS IN EUROPEAN DISTRIBUTION DEAL –
Overview
CITIGROUP IN $590 MLN LAWSUIT SETTLEMENT
Citigroup agreed to pay $590 million to settle a
shareholder lawsuit accusing it of hiding tens of billions of
dollars of toxic mortgage assets.
VIRGIN REAPS WEST COAST PROFITS
Virgin Rail has reaped higher profit margins on the west
coast main line than most UK rail franchises since
privatisation.
DRAGHI REBUFFS GERMANS OVER EURO PLANS
Mario Draghi rebuffed German criticism of his attempts to
stem the euro zone debt crisis.
BARCLAYS FACES FRESH CRIMINAL PROBE
Britain’s Serious Fraud Office has launched a second
criminal investigation into Barclays.
GAZPROM SHELVES SHTOKMAN PROJECT
Gazprom is to shelve one of the energy industry’s
most ambitious ventures in Russia’s Barents Sea because of
surging costs.
ASIA HITS OUT AT US SWAPS REFORM PLANS
Asian financial regulators have warned the U.S. that plans
to revamp global derivatives markets threaten to create systemic
risks.
BT SET TO REDUCE STAKE IN TECH MAHINDRA
BT is preparing to sell the majority of its 23
percent stake in Tech Mahindra.
OSBORNE REJECTS CLEGG WEALTH TAX PLEA
British finance minister George Osborne has rejected Deputy
Prime Minister Nick Clegg’s call for an emergency tax on the
wealth of Britons.
SEC TO REVIEW HEDGE FUND AD BAN
Hedge funds moved one step closer to gaining permission to
publicly solicit and advertise for business, under a rule change
proposed by U.S. regulators.
DREAMWORKS IN EUROPEAN DISTRIBUTION DEAL
20th Century Fox movie studio will distribute animated
feature films from Dreamworks Animation for the next
five years.
FORMER S&P; CHIEF CREDIT OFFICER DEPARTS
Mark Adelson, a former Standard & Poor’s chief credit
officer has left the ratings agency months after he was demoted.
