Stocks rally further in run-up to EU summit

Global stocks enjoyed one of their best days in weeks on Tuesday ahead of a summit of European leaders that's expected to be dominated by calls to boost economic growth.

FINRA fines Citigroup Global Markets $3.5 million

(Reuters) - The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5 million for providing inaccurate information related to subprime securitizations. The brokerage and securities arm of Citigroup posted inaccurate mortgage performance data on its website from January 2006 to October 2007, the regulator said in a statement, adding that the data remained on the website until this month. ...

MF Global paid Corzine $8 million in year before collapse

(Reuters) - Former MF Global Holdings Ltd chief Jon Corzine received more than $8 million in pay and stock options from the futures brokerage in the year before it went bankrupt. Corzine's pay along with that of other former MF Global executives was listed in a court document filed on Friday by Louis Freeh, the trustee unwinding the company's bankrupt estate. Corzine, a former Goldman Sachs chief and New Jersey governor, was paid $3 million in cash, the filing showed, as well as $5.35 million in stock options, which are likely now worthless. ...

Markets inch up after G-8 vague on Europe fix

Global stocks rose modestly on Monday, though gains were limited by concerns that leaders from the Group of Eight most powerful countries had failed to provide a concrete plan to ease the eurozone debt crisis.