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TOKYO: Mitsubishi UFJ Financial Group reported the best first-quarter profit in seven years, helped by sales of equity holdings and gains from clawing back provisions that had been set aside in the past for potential bad loans.
FRANKFURT: Deutsche Bank is cutting more than 7,000 jobs to reduce costs and restore profitability while maintaining its international reach as its new chief executive seeks to reassure investors and clients.
WASHINGTON: The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory.
WASHINGTON: The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
MUMBAI: India’s bonds have roared back from a seven-month sell-off. But traders looking for signs of the rally sustaining may have to wait longer.
NEW YORK: The U.S. Securities and Exchange Commission may pursue its civil lawsuit accusing a former senior trader at Nomura Holdings Inc of lying to customers about bond prices in order to boost profit and his bonus, a federal judge ruled on Monday.
LONDON: Investors are girding for another batch of bad news from Europe’s biggest banks when they start reporting fourth-quarter earnings, with shrinking margins, rising loan impairments, lackluster trading revenue and one-off tax charges making for a toxic mix.
PARIS: BNP Paribas reported an 8% rise in quarterly net profit, as an asset sale and cost cuts helped compensate for a goodwill impairment in Turkey and weakness in its markets-related unit.