On a cold, wet Monday morning in central London, Jes Staley mounted an attempt to clear his name. The American-born former boss of Barclays bank began his legal fight to undo a lifetime ban from holding positions of power in the City, as a case management hearing took place on Nov 18 and 19 in the High Court. The 67-year-old, …
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India's forex reserves inched closer to the $600 billion mark by rising $7.196 billion in the week that ended on May 5, 2023, to $595.976 billion. As per RBI's weekly statistical data, total foreign exchange reserves jumped by $7.196 billion to $595.976 billion in the week that ended on May 5, 2023. Read here: CPI inflation falls below RBI's upper …
Fiat Chrysler Automobiles NV on Monday asked a U.S. federal judge to dismiss a request from General Motors Co to reinstate a racketeering lawsuit against its smaller rival, comparing a recent GM filing to a “third-rate spy movie, full of preposterous allegations.” Last week, No. 1 U.S. automaker GM asked U.S. District Judge Paul Borman to reopen the case, claiming …
DETROIT Fiat Chrysler Automobiles is denying allegations by General Motors that FCA used foreign bank accounts to bribe union officials so they would stick GM with higher labor costs. GM alleged that bribes were paid to two former United Auto Workers presidents, as well as a former union vice president and at least one former GM employee. GM alleged that …