U.S. prosecutors are broadening their investigation of the foreign-exchange industry as they question salespeople at the world’s biggest banks on their practices, according to two people with knowledge of the matter.
Before dawn on Feb. 23, Darius Williams ran his Nissan Sentra off a North Carolina interstate at 80 miles per hour. A length of guardrail pierced his door, according to the police report, driving the 24-year-old’s body into the opposite back seat.
HSBC Holdings Plc Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders.
Bank of America Corp., in talks to resolve probes into its handling of mortgages ahead of the financial crisis, would provide at least $5 billion in relief to consumers as part of a proposed settlement, a person familiar with the talks said.