Australia & New Zealand Banking Group Ltd. illegally charged customers for making late credit card payments, a judge said in the first ruling of its kind in Australia with lawsuits against other banks set to follow.
LaSalle Investment Management Inc., the property-fund unit of the world’s second-largest commercial real estate brokerage, raised about 560 million euros ($780 million) from investors to buy properties in Europe.
BP Plc accused a unit of Halliburton Co. of intentionally destroying evidence that could be used to prove the oilfield services firm shares blame for the blowout that caused the 2010 Gulf of Mexico oil spill.
Commonwealth Bank of Australia and Westpac Banking Corp. were sued by customers seeking to recoup allegedly illegal fees, after a judge allowed part of a lawsuit against Australia & New Zealand Banking Group Ltd. to proceed.
Istithmar World PJSC, a private- equity investor, will concentrate on refinancing its borrowings and raising new loans to fund growth of its holdings over the next 24 months as parent company Dubai World restructures debt.
National Australia Bank Ltd., whose shareholders are seeking A$450 million ($472 million) of damages over its exposure to U.S. subprime debt, lost a bid to have the identities of the group members disclosed.
Australia & New Zealand Banking Group Ltd. customers seeking to recoup fees they claim were illegal can proceed with part of the lawsuit after a judge ruled credit- card charges for late payments can be challenged in court.