BUSINESS

Office blocks of Citi, Barclays, and HSBC banks are seen at dusk in the Canary Wharf financial district in London, Britain November 16, 2017.

UK Retail Bank Capital Rules Could 'Ossify' Sector, Says Review

Rules forcing Britain's banks to wrap their retail arms with a bespoke cushion of capital should be retained for now, though they could "ossify" the sector in the longer term if left unchanged, an independent review for the finance ministry said on Tuesday.
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A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018.

Exxon Mobil Loses Appeal To Stop Climate Change Probes

A federal appeals court on Tuesday rejected Exxon Mobil Corp's effort to stop Massachusetts and New York from probing whether the oil company lied to investors and the public regarding what it knew about climate change.
A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018.

Exxon Mobil Loses Appeal Over Climate Change Probes

A federal appeals court on Tuesday rejected Exxon Mobil Corp's effort to stop Massachusetts and New York from probing whether the oil company lied to investors and the public regarding what it knew about climate change.
EU flags flutter in front of the European Commission headquarters in Brussels, Belgium October 2, 2019.

Global Carmakers Raided By EU; UK Also Announces Probe

EU antitrust regulators on Tuesday raided several automotive companies and associations in several countries on suspicion of breaching the bloc's cartel rules, while Britain's competition authority also launched a probe.
A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009.

Wall Street-backed MEMX To Launch Options Exchange

Members Exchange (MEMX), the fastest growing U.S. stock exchange, said on Tuesday it plans to launch an options exchange in the fourth quarter, pending regulatory approval, that will seek to reduce industry costs.

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