Citigroup Inc. investors are rightly looking past the ugly headline. The bank on Tuesday reported a large fourth-quarter loss, reflecting a bigger-than-expected $22 billion writeoff related to changes in US corporate tax laws and a move to a territorial tax regime. Importantly, the one-time charge shouldn’t compromise Chief Executive Officer Mike Corbat’s ability to deliver on targets due by 2020, ...

India’s banks were hoping the regulator would feel the pain of their bond-market losses and maybe offer a palliative. What they got instead from the Reserve Bank of India (RBI) was tough love. Condemnation by deputy governor Viral Acharya may be correct, but it won’t resolve the mess. In a speech in Mumbai on Monday, Acharya revisited the nexus between ...

Bloomberg A minor tweak in the Bank of Japan’s bond purchases has emboldened investors to bet the central bank is about to wind back monetary stimulus. Going long on the yen is the biggest currency wager for AMP Capital Investors Ltd.’s Nader Naeimi. Singapore-based hedge fund Kit Trading Fund Ltd. started a bet on the yen last week, predicting the ...