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BofA said negotiating $12bn settlement

Bank Of America Corner Signs

Bank of America is negotiating a deal with the Justice Department and a number of states that could lead to a roughly $12bn settlement related to the bank's mortgage banking practices, according to a U.S. law enforcement official.

Deutsche warns on trading slump and probes

Deutsche Bank - External

Deutsche Bank, seeking to raise $11.6bn of capital, braced investors for a deepening trading slump and potential damage to its business from international probes of currency rigging and hiring practices.

BNP Paribas said pressed to dismiss executive

Exit Sign

New York’s top banking regulator Benjamin Lawsky is pressing BNP Paribas to dismiss one of its top executives as part of settlement negotiations with the U.S. over alleged sanctions violations, according to a person familiar with the matter.



Flag of Russia

BofA, Barclays profit when others decline in Russian deals

Investment banks earned the least since 2002 from Russian corporate deals last year as sanctions and low oil prices curbed transactions, according to the consultancy Freeman & Co. Domestic lenders garnered more than half of the commissions for the first time as international firms retreated.