European antitrust authorities charged 13 investment banks with colluding to prevent the lucrative global business of trading credit derivatives from moving onto regulated exchanges and away from ... more 
European antitrust authorities charged 13 investment banks with colluding to prevent the lucrative global business of trading credit derivatives from moving onto regulated exchanges and away from markets controlled by the banks themselves. Britain's financial regulator warned the Co-operative Bank two years ago that it needed to raise capital, and was not in a position to buy hundreds of branches from Lloyds Banking Group. Japan's Mitsubishi UFJ Financial Group has agreed to buy a controlling stake in Thailand's Bank of Ayudhya Pcl for up to $5.61 billion, as Japanese lenders expand into fast-growing Southeast Asian economies to beat slower growth at home. less 
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Wochit
Tue, Jul 2, 2013 11:14 AM EDT