Canadian banks shrink future bad debt cushion even as economic risks mount
Canadian banks wrapped up second-quarter earnings season, with most reporting better-than-expected profits, in large part by reducing the amounts of funds they set aside...
Citi shares climb as Berkshire reveals new $3 BLN stake
Citigroup Inc's shares rose nearly 8% after a new $3 billion bet by billionaire investor Warren Buffett's Berkshire Hathaway Inc boosted confidence in the battered Wall...
Deutsche Bank not financial controversial African oil pipeline
Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person...
Wells Fargo wins dismissal of shareholder lawsuit over commercial lending
A federal judge dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans. U.S....
Credit Suisse poised to revamp senior management
Loss-making Credit Suisse could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled Swiss bank back on stable ground, Swiss...