Five affiliates of Kaiser Permanente will pay $556 million to resolve U.S. government claims that they manipulated medical billing to improperly increase Medicare payments. The…
Wall Street banks weigh response to Trump’s proposed cap on credit card interest rates
U.S. banks are confronting a new political and commercial dilemma after President Donald Trump called for a temporary cap on credit card interest rates, a…
US Supreme Court agrees to hear Bayer’s bid to limit Roundup cancer lawsuits
The U.S. Supreme Court has agreed to hear a closely watched appeal from Bayer that could sharply curb thousands of lawsuits accusing the company’s Roundup…
Brazil prosecutors say Banco Master investigation could last up to six months
Brazil’s federal prosecutors expect to spend at least four to six months reviewing evidence gathered in the expanding investigation into the collapse of Banco Master,…
Brazil central bank orders liquidation of brokerage REAG over serious regulatory breaches
Brazil’s central bank has ordered the liquidation of brokerage firm REAG, now operating under the name CBSF, citing serious violations of financial system rules. The…
Iran’s currency collapse reverberates through Iraq’s pilgrimage economy
The sharp fall of Iran’s currency is rippling far beyond its borders, hitting livelihoods in Iraq’s holy city of Najaf, where thousands of businesses depend…
US SEC drops lawsuit against former Rio Tinto CFO, closing long-running fraud case
The U.S. Securities and Exchange Commission has formally dismissed its civil lawsuit against a former top executive of Rio Tinto, bringing an end to an…
Supreme Court rejects Citigroup appeal in Mexican oil fraud lawsuit
The U.S. Supreme Court has refused to take up Citigroup’s appeal in a long-running lawsuit that accuses the bank of contributing to more than $1…
Five states sue Trump administration over freeze of $10 billion in family aid amid fraud claims
Five U.S. states filed a federal lawsuit after the Trump administration froze more than $10 billion in childcare and family assistance funding, citing concerns about…
Singapore jails businessmen for fabricating records tied to Wirecard fraud
A Singapore court has sentenced two businessmen to lengthy prison terms for falsifying financial documents that helped conceal one of Europe’s largest corporate frauds, the…