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As part of a deal with the Justice Department, Och-Ziff subsidiary OZ Africa Management GP, LLC, pleaded guilty on Thursday in federal court in Brooklyn to violating the U.S. Foreign Corrupt Practices Act in connection with a specific scheme to bribe officials in the Democratic Republic of Congo.
Deutsche Bank admitted on Thursday it had an image problem with investors as fresh concerns over the stability of Germany's largest lender pushed its U.S.-listed shares to a record low. The latest lurch came after Bloomberg reported that a number of hedge funds that clear derivatives trades with Deutsche had withdrawn some excess cash and adjusted positions held at the lender, a sign that counterparties are wary of doing business with it. “Of course some of our customers are asking what is up with Deutsche Bank at the moment.
NEW YORK (AP) — Donald Trump says he took the moral high ground at the first presidential debate by not mentioning the infidelities of former President Bill Clinton. But he hinted at them, talked about them immediately afterward and then sent his campaign's top backers out to do the same.