Tag: Banking
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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...
Russian bank VTB no longer has control of European Subsidiary
Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions. This was stated by the German...
HDFC Bank’s $40 BLN deal may face regulatory hurdle
India's largest private lender HDFC Bank's $40 billion acquisition of its biggest shareholder could face regulatory hurdles due to the stake it would give the...
Barclays faces $590 million hit
British bank Barclays faces an estimated 450 million pound loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some...