Deutsche Bank AG sued Mexican real- estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans, while a Barclays Plc unit sued homebuilder Desarrolladora Homex SAB over a swaps agreement.
Citigroup Inc. sued Barclays Plc for more than $141 million, claiming the London-based bank refused to indemnify it for losses suffered providing foreign-exchange settlement services to Lehman Brothers Holdings Inc.
Kenyan President Uhuru Kenyatta named 12 more nominees for Cabinet posts, favoring people with private-industry experience and technical expertise to back his plans of doubling growth in East Africa’s largest economy.
Urbi Desarrollos Urbanos SAB, whose stock is the worst-performing member of Mexico’s benchmark index this year, said it’s considering restructuring debt as Barclays Plc and Credit Suisse Group AG filed suits over financial derivatives.
Barclays Plc is stuck holding a 697 million-euro ($900 million) stake in Ziggo NV, a Dutch cable- television operator, after failing to find enough buyers for a 20 percent share sale it managed for owners Warburg Pincus LLC and Cinven Ltd. this week.