(Reuters) – Citigroup Inc chairman Michael O'Neill is not eager to explore a breakup of the third-largest U.S. bank, the Wall Street Journal reported, citing people familiar with the matter. O'Neill was among a small group of directors who urged Citi to consider the benefits of splitting the bank after the financial crisis. But he has concluded that breaking up Citigroup doesn't make sense now, given economic and regulatory uncertainty, the Journal quoted the people as saying. (Reporting by Aman Shah in Bangalore; Editing by Cynthia Osterman) Chevron, Transocean say Brazil drops criminal oil spill charges
RIO DE JANEIRO (Reuters) – A Brazilian judge dropped criminal charges against Chevron Corp, Transocean Ltd and 17 of their employees related to a November 2011 offshore oil spill, the companies said on Wednesday. The criminal case, and a civil suit seeking as much as 40 billion reais ($20.4 billion) in damages, have cast a chill over Brazil's oil industry. The criminal suit carried penalties of up to 31 years. The still-open civil case is Brazil's largest-ever environmental lawsuit, even though the amount of oil spilled was much less than other recent spills in Brazil and abroad. … 
No comments:
Post a Comment