Galina Pavlik barely scrapes by on her monthly pension of $290. Like many Ukrainians, the 73 year- old Kiev resident depends on gas to heat her three-room apartment. The bill swallows about a sixth of her income.
Bank of England officials knew of concerns the foreign-exchange market was being manipulated as early as July 2006, more than seven years before regulators opened formal probes into alleged rate-rigging.
Recipients of the American Bar Association’s pro bono publico awards, which will be presented today in Chicago, include the law firm of Akin Gump Strauss Hauer & Feld LLP, Neal Minahan, a partner with McDermott Will & Emery LLP and Amy Lorenz-Moser, a partner with Armstrong Teasdale LLP.
Rothesay Life Ltd., the insurer run by former Goldman Sachs Group Inc. Managing Director Addy Loudiadis, agreed to buy a U.K. annuity business with about 3 billion pounds ($5 billion) of assets under management from MetLife Inc.
Standard Chartered Plc may have to pay as much as three times more than the $340 million it was fined by a New York regulator to settle all the probes by regulators into its transactions for Iranian clients.