WASHINGTON A U.S. bank regulator is ready to fail Wells Fargo on a national scorecard for community lending, sources familiar with the decision said on Wednesday, in a move that could limit near-term expansion for the bank.
NEW YORK U.S.-based Circle Internet Financial Ltd, a social payments app backed by Goldman Sachs, said on Wednesday it will no longer allow customers to buy and sell bitcoin because it has failed to become a meaningful part of its business.
BRUSSELS The European Commission has fined Credit Agricole , HSBC and JPMorgan Chase a total of 485 million euros (412.37 million pound) for their alleged participation in a cartel to manipulate the price of the Euribor financial benchmark. | Video
LAGOS, Dec 7 Nigeria has appointed Citigroup , Standard Chartered Bank and Stanbic IBTC Bank to manage a planned $1 billion Eurobond sale and hopes to start the issuance process in January, Finance Minister Kemi Adeosun said on Wednesday.
ZURICH Credit Suisse on Wednesday pledged to cut another 1 billion Swiss francs (786.20 million pound) in costs and pared back profit targets amid challenging markets which have made it harder for banks to make money.
LONDON European shares rose on Wednesday with the regional banking index hitting an 11-month peak after Credit Suisse announced further costs cuts and Italian banks poised for their best two-day run since 2012.
NEW YORK Oil futures snapped a four-day rally on Tuesday on signs of higher output while the euro slipped from a three-week high ahead of a Thursday meeting of the European Central Bank.
LONDON Royal Bank of Scotland has agreed to pay 800 million pounds in an out-of-court settlement over allegations it misled shareholders during a 12 billion pound fundraising at the height of the financial crisis.
MILAN UniCredit entered exclusive talks with France's Amundi to sell its asset management arm Pioneer Investments, Italy's biggest bank said, setting the scene for a deal that could be worth more than 3.5 billion euros (3 billion pound).
TOKYO New financial technology, or "fintech," poses fresh challenges for central banks in maintaining banking-sector stability, Bank of Japan Governor Haruhiko Kuroda said on Monday.