Receive Breaking News updates as they occur
US authorities are investigating the French banks Societe Generale, BNP Paribas and Credit Agricole for embezzlement and violating American sanctions against other countries, a source close to the matter said Friday. The US Treasury, Justice Department, Manhattan district attorney and New York Department of Financial Services are investigating the banks. BNP Paribas is in talks with US authorities to settle the probe, according to The Wall Street Journal.
BEIJING (Reuters) - Chinese Foreign Minister Wang Yi said on Saturday that there was no room for compromise with Japan on questions of history and territory. China's ties with Japan have long been poisoned by what China sees as Japan's failure to atone for its occupation of parts of China before and during World War Two. China's anger over the past is never far from the surface, and relations have deteriorated sharply over the past 18 months because of a dispute over a chain of uninhabited islands in the East China Sea. (Reporting by Michael Martina; Writing by Ben Blanchard)