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Nomura said to hold out on mortgage settlement

Wall Street sign

Nomura Holdings Inc. is balking at following 16 other banks in settling a U.S. regulator’s allegations that Wall Street sold flawed mortgage securities during the housing boom, according to two people with knowledge of the matter.

BNP revamps trade finance

BNP Paribas Logo

BNP Paribas SA, under a yearlong ban on some dollar clearing, is revamping its trade financing, corporate deposit and cash gathering businesses in Europe, the Middle East and Africa in a bid to boost profit.

Deutsche Bank exceeds expectations

Deutsche Bank - External

Deutsche Bank swung to a profit after legal charges dropped and the investment bank posted fourth-quarter earnings that exceeded analysts’ estimates on higher trading revenue.