Royal Bank of Scotland Group Plc and Standard & Poor’s were sued in the Netherlands by 16 investors over a complex derivative product that fell in value by as much as 90 percent during the financial crisis.
Bankers that fail to report colleagues’ misconduct should be forced to pay back a portion of their bonuses, the Bank of England said as it seeks to rein in practices that tarnished the reputation of lenders.
Hamburger Hafen & Logistik AG, the handler of about three in four containers at Hamburg’s port, posted a 16 percent drop in nine-month profit as modernization of a terminal drove up costs. The shares fell the most in three months.
Garry Kasparov, the former chess champion turned critic of President Vladimir Putin, won a ruling by the European Court of Human Rights declaring his rights were violated by his arrest at a 2007 protest in Moscow.
U.K. tax officials may have to pay out 1 billion pounds ($1.62 billion) to about 100 investment funds -- including some run by JPMorgan Chase & Co. and Royal Bank of Scotland Group Plc -- suing for the return of overpaid taxes dating back two decades.