The former mayor of Charlotte, North Carolina, the state’s largest city and home to Bank of America Corp., pleaded guilty to a bribery-related charge stemming from an undercover operation by federal agents, prosecutors said.
The former mayor of Charlotte, North Carolina, the state’s largest city and home to Bank of America Corp., is set to plead guilty today to taking bribes from businessmen seeking preferential treatment from the city.
A top lobbyist for France’s largest bank says European lawmakers will have only themselves to blame if pressure to bolster capital too quickly results in more Boeing Co. planes at the expense of European rival Airbus SAS.
European lenders, more reliant than ever on emergency aid after borrowing $1.3 trillion from their central bank, may need additional cash infusions until policy makers stem the crisis engulfing Spain and Italy.
The U.K. must accept substantial losses on its stakes in Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc if the government is to sell off its holdings within five years, say Britain’s biggest investors.