Hectic pace of Spanish bank deals to slow after Barclays sale

MADRID (Reuters) - Barclays’ sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country’s finance industry as...

Goldman cuts price target on Bombardier; sees further CSeries delay- Reuters

TORONTO (Reuters) - Goldman Sachs cut its price target on Bombardier Inc (BBDb.TO)(BDRBF.PK) and reiterated a “sell” rating on shares of the train and plane maker on Tuesday, warning it expected...

Morgan Stanley looks forward to 2021: global economic recovery, overweight stocks and...

In an outlook report for 2021, Morgan Stanley (Morgan Stanley) strategists predicted that the global economy will achieve a V-shaped recovery, coupled with a brighter outlook for the new crown virus...

Key hearing on Detroit’s historic bankruptcy begins in U.S. 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...

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...

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...

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...

Exclusive: Deutsche Asset & Wealth Management opens Dallas office in regional shift

NEW YORK (Reuters) - Deutsche Bank AG’s Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives...

Citi to pay $217,841 to settle OFAC violation liabilities

(Reuters) - Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S....

Swiss watchdog investigates Espirito Santo private bank

ZURICH (Reuters) - Switzerland’s financial regulator said on Wednesday it is investigating Banque Privee Espirito Santo SA (BPES), a Swiss private bank which is part of the Espirito Santo family’s troubled...