Barclays, through a statement, explained why accounts were frozen, maintaining minimum notice requirements were met in reaching out to customers.
Legal & Regulatory
Ellison gives up potential pay out
Oracle Corp Chief Executive Officer Larry Ellison had agreed to give up a possible payout. Larry Ellison, Oracle Corp's CEO, had agreed to give up potential payout valued approximately USD500 million.
Danone seeks EUR200 million as compensatory damages for false contamination scare
Danone had forwarded a claim worth EUR200 million against Fonterra for its false contamination scare of its milk products.
AEG Live is cleared of liability in Michael Jackson's death
Concert promoter AEG Live was not responsible for Michael Jackson's death, the jury ruled. A jury in a Los Angeles court cleared concert promoter AEG Live of any liability in Michael Jackson's death in 2009.
Twitter avoids US antitrust probe from MoPub acquisition
The Federal Trade Commission said that Twitter's acquisition of MoPub would not be challenged by antitrust regulators.
Latest News
A court-appointed trustee asked a bankruptcy judge to return more funds to MF Global Holdings' clients, said a Reuters report.
The National Retail Federation said the US retail sales would increase this holiday season by 3.9%. Retail sales in the US were expected to increase by 3.
A Federal Court in Australia ordered Li Ka-shing's companies to pay a total of AUD 776 million to the Australian Tax Office.
Italian prosecutors said that JP Morgan should be indicted after manipulating markets and falsifying documents when it took over Banca Antonveneta last 2008.
The Federal Bureau of Investigation had shutdown Silk Road, an alleged online bitcoin marketplace used to perform illegal activities, said a Reuters report.
A shareholder at JC Penney sued the struggling retailer over a surprised decision to sell 84 million common stock after assuring its investors that there would be no need to raise capital in the company.
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.
Harbinger Group, Philip Falcone's investment firm, jumped in value as it sold off shares to a consortium headed by Leucadia National Corp.
