The U.K. Financial Services Authority approved rules restricting guaranteed bonuses and up- front cash payments for banks’ proprietary traders and broker dealers in what is being described as a tier system.
When Tyson Foods Inc. and Wal-Mart Stores Inc. received internal reports that employees may have paid bribes in Mexico, each faced the same vexing question: should they turn themselves in to U.S. authorities?
Allianz SE will pay more than $12.3 million to settle U.S. Securities and Exchange Commission claims that the Munich-based insurer made improper payments to government officials in Indonesia during a seven-year period.
Wynnefield Capital Inc.’s Nelson Obus was found not liable a day after his lawyer said he would have to be “the lamest insider trader in history” for a jury to believe he relied on an illegal merger tip to make $1.3 million.
U.S. health insurers can include the cost of federal taxes in determining whether they spend enough on patient care, increasing the amount that can be kept for administration or profit under new rules. Company shares rose .