Fund payments to brokerages draw SEC scrutiny

NEW YORK (Reuters) - (This corrected version of the story fixes 23rd paragraph to show Natixis has paid a nutritionist to make presentations to brokers; it doesn’t have a nutritionist on...

Goldman Sachs plans debut sukuk issue as Islamic finance goes mainstream

DUBAI/KUALA LUMPUR (Reuters) - Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as...

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....

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...

Exclusive: Commerzbank close to settling U.S. sanctions probes

NEW YORK (Reuters) - German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter...

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...

Citi sells more branches in Texas to BB&T

(Reuters) - Citigroup Inc (C.N) agreed to sell another 41 branches in Texas to BB&T Corp (BBT.N) as the third-largest U.S. bank cuts back on brick-and-mortar outlets and focuses on online...