Key hearing on Detroit’s historic bankruptcy begins in US court

DETROIT (Reuters) - Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal...

Credit Suisse says investigating allegations of employee misconduct

LONDON Sep 2 (Reuters) - Credit Suisse CSGN.VX said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The Wall Street...

U.S. House panel to probe Trump’s Saudi ties: Washington Post

WASHINGTON (Reuters) - Democrats on the U.S. House intelligence panel will investigate U.S. President Donald Trump’s response to the murder of journalist Jamal Khashoggi as part of a “deep dive” next...

Exclusive: S&P, Markit finalists for $1 billion-plus Barclays index unit – sources

NEW YORK (Reuters) - Index provider Standard & Poor’s and financial information services provider Markit Ltd MRKT.O have emerged as final bidders for Barclays Plc’s (BARC.L) index business, which could fetch...

U.S. lawmaker subpoenas ex-FBI chief and former Attorney General

WASHINGTON (Reuters) - The Republican chairman of the U.S. House of Representatives Judiciary Committee, Bob Goodlatte, has issued subpoenas for former FBI Director James Comey and former Attorney General Loretta Lynch...

Morgan Stanley to pay $95 million in U.S. mortgage-debt settlement

NEW YORK (Reuters) - Morgan Stanley (MS.N) has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run...

RBS set to raise $4 billion from U.S. listing of Citizens

LONDON (Reuters) - State-backed Royal Bank of Scotland (RBS.L) aims to raise up to $4 billion from the share flotation of its U.S. bank Citizens Financial Group this month, it was...

Citigroup expenses rise to meet stress testing

NEW YORK (Reuters) - Citigroup Inc’s (C.N) third-quarter expenses are running “slightly higher” than three months ago because of efforts to prove to regulators that its risk and balance sheet management...

Alibaba seeks to raise more than $21 billion in record U.S. tech IPO

NEW YORK (Reuters) - Alibaba Group Holding Ltd seeks to raise more than $21 billion in an IPO that will value the Chinese e-commerce giant at up to $163 billion...

Trump warns of government shutdown next month over border security

PALM BEACH, Fla. (Reuters) - U.S. President Donald Trump warned on Thursday there could be a government shutdown next month over security on the border with Mexico, suggesting he could hold...