UBS AG is now expected to pay $69.8 million to resolve a U.S. regulator’s lawsuit alleging it sold toxic mortgage-backed securities to corporate credit unions that later failed, according to a Friday court filing. The accord was valued at $33 million when it was ...Read More

Aggressive sales tactics at Wells Fargo Bank, already the subject of a lawsuit filed by L.A.’s city attorney, appear to have drawn the attention of federal regulators. The Office of the Comptroller of the Currency and the San Francisco Federal Reserve areprobing the bank’s ...Read More

An ex-Deutsche Bank AG trader seeking a 5 million-pound ($7.6 million) bonus should have his “hopeless” case thrown out before it gets to trial, lawyers for the bank said. The claim filed by Yves Paturel, who was fired during the Libor probes, is “extraordinary” ...Read More

Bill Gross is suing Pimco and its parent company Allianz for “hundreds of millions of dollars,” Bloomberg reports on Thursday. The complaint mostly alleges that Gross was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” of executives seeking a bigger ...Read More

An award-winning city banker whose bonus went down following a road accident is suing the white van man responsible for more than £200,000. Giovanni Revedin di San Martino said he was knocked off his motorbike by a white Mercedes sprinter in South Kensington, London, ...Read More

Goldman Sachs Group Inc. investors who claim they were harmed by conflicts of interest related to collateralized debt obligation transactions won permission to pursue their lawsuit as a group. A Manhattan federal judge on Thursday granted class-action status to the shareholders, saying they met ...Read More

A former Jefferies Group saleswoman sued the investment bank for 3.5 million pounds ($5.4 million), saying male colleagues treated female co-workers as “sex objects” and fostered a “culture of discrimination” that led her to quit. Dalal Alaoui Belghiti, who worked on the company’s European credit ...Read More